/REUTERS, London, November 01, 04/ - ChevronTexaco-led oil venture Tengizchevroil (TCO) plans to sell a $1.1 billion 10-year Eurobond with an average life of 6.75 years, a source familiar with the details of the deal said on Monday.

Joint lead and bookrunners for the deal are ABN AMRO and Lehman Brothers.

The source said no discussion on the price of the deal has taken place yet given that the market roadshows have not started. The European roadshow is November 3-5 while a U.S. roadshow will take place November 8-12 with pricing soon after.

The bond is being rated 'Baa3' by Moody's Investors Service and 'BBB-' by Fitch Ratings, the source said.

The issuer is Tengizchevroil Finance Co. with Tengizchevroil LLP as the guarantor.

[2004-11-01]