25 Mar 2010 11:27

Guidance on RZD bonds 250-260 bp above swaps

MOSCOW. March 25 (Interfax) - Yield guidance on the first coupon of Eurobonds being offered by Russian Railways (RZD) is 250-260 basis points above mid-market swaps, a banking sector source told Interfax.

A source said yesterday that unofficial guidance was 275 bp above swaps.

The bid book closes today and pricing is expected on Friday.

RZD intends to place upwards of $1 billion in seven-year bonds.