8 Dec 2009 18:37

Globaltrans price guidance narrows to $8.25-$8.5 per GDR; bid book oversubscribed

MOSCOW. Dec 8 (Interfax) - The price range in a Globaltrans Investment placement of Global Depositary Receipts (GDR) has narrowed to $8.25-$8.5, a source close to the placement told Interfax.

The price guidance on Monday had been $8-$8.5 per GDR.

The bid book was oversubscribed when it was closed, both at the upper and lower bounds of the price range. The source did not specify the amount of the oversubscription.

The GDR price will be determined later on Tuesday.