Reuters: Market News: Russia Eurobonds seen at lower end of yield guidance

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Russia Eurobonds seen at lower end of yield guidance Mar 28th 2012, 07:35 MOSCOW, March 28 | Wed Mar 28, 2012 3:35am EDT MOSCOW, March 28 (Reuters) - Russia's three-tranche, $7 billion offering of Eurobonds is expected to be priced towards the lower end of earlier yield guidance, a source close to the deal told Reuters on Wednesday. "Launch terms will follow later (on Wednesday), but expect pricing at the tight end of the range," the source said. Sources told Reuters on Tuesday that Russia plans to issue $3 billion in 30-year paper at 250-255 basis points over U.S. Treasuries. It will also place $2 billion in 10-year paper at plus 240-245 basis points and $2 billion in five-year bonds at 230-235 basis points over Treasuries.

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