Magnitogorsk Iron and Steel Works (MMK) has opened a bidding book for $500-million 5-year Eurobonds with a yield guidance of 4.75% annually, a banking source reported.
The company has been holding meetings with investors in Moscow, European and U.S. cities since May 30.
Citi, J.P. Morgan and Societe Generale are the organizers. (Prime/Ukrainian metal)