Source: Metalloinvest to offer at least 5 bln rbl of bonds

MOSCOW, Feb 14 (PRIME) -- Russian metals holding company Metalloinvest plans offer at least 5 billion rubles of 4-year exchange bonds with a floating coupon, a financial source told PRIME on Tuesday.

The coupon will be pegged to the key rate of the central bank plus a margin, the guidance will be set at no more than 150 basis points.

The company plans to collect bids from investors on Friday. The issue will carry semiannual coupons and a call option in 2 years.

The technical placement was preliminarily scheduled for February 22.

Gazprombank, Bank DOM.RF, investment bank Sinara, and Russian Agricultural Bank will organize the placement.

(73.6307 rubles – U.S. $1)

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