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LONDON, Nov 29 (IFR) - Demand for Rosneft's dual-tranche bond offering has reached USD20bn, according to a source away from the deal.
The Russian oil company is in the market with a March 2017 note and a March 2022 bond. Initial guidance is 3.50% area and 4.50% area respectively.
The deal is expected to price later today. Barclays, Citigroup, JP Morgan and VTB Capital are the global co-ordinators on the 144a/Reg S transaction. (Reporting by Sudip Roy)