Russia's KOKS Group tightens whisper to 8% for three-year ruble notes

By Christine Van Dusen

Atlanta, June 15 - Russia's KOKS Group tightened initial guidance for its planned RUB 5 billion issue of notes due 2014 to 8%, a market source said.

The Rule 144A and Regulation S notes were first whispered at a yield in the 8½% area.

Bank of America Merrill Lynch, Credit Suisse, Troika Dialog and VTB Capital are the bookrunners for the deal.

KOKS Group is a coke and pig iron producer and miner based in Moscow.

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