UPDATE: Source: IMH to offer $350 mln Eurobonds

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MOSCOW, Sep 17 (PRIME) -- Russian coal and iron ore maker Industrial Metallurgical Holding (IMH) plans to offer U.S. $350 million 5-year Eurobonds, a banking source told PRIME on Thursday.

The yield guidance was lowered to around 6.125% from 6–6.5%, the source said.

Demand for the Eurobonds exceeds $600 million.

Citi, Renaissance Capital, Alfa-Bank, Gazprombank, Sberbank CIB and VTB Capital are the organizers.

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