UPDATE: Source: Tinkoff Bank cuts perpetual Eurobond guidance to 6.5%

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MOSCOW, Sep 13 (PRIME) -- Russia’s Tinkoff Bank has cut the yield guidance for subordinated perpetual Eurobonds denominated in the U.S. dollars to 6.5% from 6.75% annually, a financial source told PRIME on Monday.

The bonds envisage a 5-year call option.

The bank held a series of calls with investors to discuss the possible offering starting from September 9.

Alfa-Bank, Gazprombank, Renaissance Capital, Societe Generale and BCP Securities are organizing the offering.

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