Evraz revises pricing to 7%-7.125% on January 2022 dollar bond
By Sudip Roy
LONDON, June 9 (IFR) - Evraz (LSE: EVR.L - news) has announced guidance of 7%-7.125% on a January 2022 US dollar bond, according to a lead.
The Russian steel company had earlier announced initial price thoughts of 7.25%-7.5%.
Demand for the deal is more than US$1.6bn.
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 Julian Baker)