Koks, Russia’s largest exporter of pig iron, said that it would launch a road show to sell $350 million of Eurobonds in Europe and the United States on June 8, a banking source said on Monday.
“Meetings with investors will be held until the middle of next week, organizers of the road show are VTB Capital, Credit Suisse and Merrill Lynch,” the source said.
Pricing is expected on June 15-16.
In February, Siberia-based Koks, citing unfavorable market conditions, postponed a $500 million IPO in London where it wanted to sell about 8% of its shares. It planned to use the funds for investment and corporate operations.
MOSCOW, June 6 (RIA Novosti)