Source: MMK offers $500 mln 5-yr Eurobonds , yield guidance at 4.75%

MOSCOW, Jun 5 (PRIME) -- Russia’s Magnitogorsk Iron and Steel Works (MMK) has opened a bidding book for U.S. $500 million 5-year Eurobonds with a yield guidance of 4.75% annually, a banking source told PRIME on Wednesday.

The company has been holding meetings with investors in Moscow, European and U.S. cities since May 30.

Citi, J.P. Morgan and Societe Generale are the organizers.

End