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Evraz revises pricing to 7%-7.125% on January 2022 dollar bond

Reuters - UK Focus

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)