Russia VEB updates price guidance for Eurobond-source

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MOSCOW, July 1 | Thu Jul 1, 2010 8:21am EDT

MOSCOW, July 1 (Reuters) - Russian state development bank VEB has updated its price guidance for a 10-year benchmark Eurobond to roughly 400 basis points over U.S. Treasuries, a trading source told Reuters on Thursday.

VEB earlier set the initial price guidance for a $1 billion Eurobond at a high 300 basis points level over mid-swaps [ID:nLDE65T1KG]

The bank picked Barclays Capital, Citi, HSBC, Societe Generale, ING Bank, VTB Capital and Troika Dialog to arrange the deal.

(Reporting by Dmitry Sergeyev)

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