Metalloinvest cuts guidance for yuan bonds to 3.1–3.25%, 3.7–3.8%

MOSCOW, Sep 9 (PRIME) -- Russian metals holding Metalloinvest has reduced the first coupon guidance for two exchange bonds that amount to 1 billion Chinese yuan each – to 3.10–3.25% for the 2-year bonds and to 3.70–3.80% annually for the 5-year bonds, a financial source told PRIME on Friday.

The initial guidance amounted to no higher than 3.5% for the 2-year bonds and no higher than 4% for the 5-year bonds.

Terms of the issues encompass settlements in yuan throughout the entire circulation of the bonds. The technical placement was preliminarily scheduled for September 16.

Gazprombank, Bank DOM.RF, Bank Zenit, Credit Bank of Moscow, brokerage company Region, and Russian Agricultural Bank act as the organizers.

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