Russia's Alrosa sets talk for $300 million bonds at 6%

By Reshmi Basu

New York, April 4 - Alrosa Finance SA set indicative price talk for an offering of $300 million in bonds due Nov. 17, 2006 at 99.45 to yield 6%. Also, the indicative spread was set at Libor plus 80 basis points, according to a market source.

Moscow-based Alrosa is a state-controlled diamond company.

UBS Investment is the bookrunner for the issuance.

Meanwhile settlement is expected for April 10.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.