UPDATE3: Source: TMK to place $500 mln Eurobonds at 4.3% - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE3: Source: TMK to place $500 mln Eurobonds at 4.3%

(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 4.3Ц4.35% earlier in the day during bookbuilding.

On January 31ЦTuesday, 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.

End

05.02.2020 18:34
 
 
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