UPDATE 2: Source: IIB raises bond offer to 7 bln rbl, yield 6.75%

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MOSCOW, Apr 30 (PRIME) -- International Investment Bank (IIB) has raised the 3-year exchange bond offering to 7 billion rubles from 5 billion rubles and has set the final coupon guidance a 6.75% annually, a financial source told PRIME on Thursday.

The new guidance corresponds to a 6.92% yield to maturity.

The technical placement of the bonds is preliminarily scheduled for May 19.

Brokerage company Region, Credit Bank of Moscow, and Sovcombank act as organizers.

(73.6894 rubles – U.S. $1)

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