Russian Railways expects bid book to be oversubscribed

19.03.2010 (09:45)

Russian Railways will close the bid book for its Eurobonds worth $1bn on March 26, a source in the banking sector told journalists yesterday.

The company expects the bid book to be oversubscribed, reports RBC.

The source also noted that the road show would take place between March 22 and 25, and the bid book would be opened and closed on the same day - March 26, adding that the maturity period could be 7 to 10 years.

Barclays Bank, Morgan Securities and VTB Capital will act as organizers for the issue.

http://www.rbcnews.com

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