GMK Noril'skiy nikel' OAO Updates On Exchange Bond Placement-Interfax

Interfax reported that GMK Noril'skiy nikel' OAO (Norilsk Nickel) will be opening a bid book for a RUB 35 billion exchange bond placement on February 25, the placement organizers said. The three issues, two of RUB 10 billion and one of RUB 15 billion, mature in three years. Coupon yield guidance is 7.75%-7.95% per annum (p.a.), corresponding to yield at maturity of 7.90%-8.11% p.a. The bid book is slated to be closed February 26. The placement organizers are Sberbank CIB, Rosbank, and VTB Capital.