Russia's Eurasia Drilling sets talk at low- to mid-5% area for seven-year dollar notes

By Christine Van Dusen

Atlanta, April 11 - Russia's Eurasia Drilling Co. Ltd. set initial price talk at the low- to mid-5% area for its upcoming offering of dollar-denominated notes due in seven years, a market source said.

BofA Merrill Lynch, Goldman Sachs and Sberbank are the bookrunners for the Rule 144A and Regulation S deal.

The issuer is a Moscow-based onshore and offshore drilling service provider.

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