(Provides new figures in headline, paragraphs 1, 3)
MOSCOW, Feb 5 (PRIME) -- Russian oil and gas pipe producer TMK will place U.S. $500 million of 7-year dollar-denominated Eurobonds at a yield of 4.3%, a financial source told PRIME on Wednesday.
Demand for the Eurobonds exceeds $1.6 billion, the source said earlier.
The initial yield guidance stood at 4.75% and was lowered to 4.3–4.35% earlier in the day during bookbuilding.
On January 31–Tuesday, the company held meetings with investors devoted to a possible placement of Eurobonds in Moscow, London, Frankfurt, Zurich and Geneva.
J.P. Morgan, Renaissance Capital, Alfa-Bank, BofA Securities, Gazprombank, Sova Capital, UBS and VTB Capital act as organizers.
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