Book for Polyus share placement covered, bids closer to lower range: sources
26/06/2017 11:14
MOSCOW, June 26 (Reuters) - The order book for a share
placement by Polyus PLZL.MM , Russia's largest gold producer,
is fully subscribed, including a green shoe option which comes
on top of the offering, three financial market sources told
Reuters on Monday.
The sources added that bids were being formed at the lower
range of the share price guidance.
The price range was set at $33.25-$35.30 per global
depositary share in London, corresponding to a price of
$66.50-$70.60 per ordinary share in Moscow, Polyus said earlier.
Polyus is offering between 7 and 9 percent of its shares,
including new shares. The pricing of the deal is planned to be
closed this week. urn:newsml:reuters.com:*:nL8N1JC112
(Reporting by Olga Popova; writing by Katya Golubkova; Editing
by Alexander Winning)
((ekaterina.golubkova@thomsonreuters.com; +7 495 775 1242;))
Keywords: RUSSIA POLYUS/SPO