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Published on 10/9/2012 in the Prospect News Emerging Markets Daily.

Russian Railways sets talk for planned ruble notes due 2019, dollar notes due 2022

By Christine Van Dusen

Atlanta, Oct. 9 - Russian Railways set price talk for a two-tranche issue of ruble- and dollar-denominated notes due 2019 and 2022, respectively, a market source said.

The tap of the company's ruble 8.3% notes due April 2, 2019 was talked at the 8% area.

The second tranche - an increase of the 5.7% dollar notes due April 5, 2022 - was talked at the 4.1% area.

JPMorgan, RBS and VTB Capital are the bookrunners for the Regulation S-only deal.

Russian Railways is based in Moscow.


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