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Evraz begins marketing US dollar bond

LONDON, June 9 (IFR) - Russian steel company Evraz (LSE: EVR.L - news) has begun marketing a January 2022 US dollar bond at a yield of 7.25-7.50%, according to a lead.

The company is expected to price the Reg S benchmark-sized notes later today.

Barclays (LSE: BARC.L - news) , Gazprombank, ING, JP Morgan, Societe Generale (Swiss: 519928.SW - news) and VTB Capital are the leads.

Evraz is rated B+/BB-. (Reporting by Sudip Roy, editing by Robert Smith.)