Russia's Norilsk Nickel's $500 million bonds talked at 7 1/8%to 7 3/8%

By Reshmi Basu

New York, Sept. 16 - Norilsk Nickel Finance has set price talk for its expected $500 million bonds (corporate credit ratings Ba1/BB) at a yield of 7 1/8% to 7 3/8%, according to a market source.

Proceeds from the offering will be used for general corporate purposes.

Citigroup and Morgan Stanley are running the Regulation S deal for Russia's largest metals producer.

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