Russian utility RAO UES tightens talk on $150 million note offering to 7¾%-8%

By Paul A. Harris

St. Louis, Feb. 28 - Inter RAO UES, a subsidiary of Russian state-controlled utility RAO UES, revised price talk on its $150 million offering of credit-linked notes to 7¾% to 8% from 8% to 8¼%, a market source told Prospect News on Tuesday.

The notes are expected to come with a two-year or three-year maturity.

Citigroup has the books.

Proceeds will be used to fund asset acquisitions.

The issue is unrated; however, Standard & Poor's assigns its B+ issuer rating to RAO UES.

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