Commentary & Deal Flow

ALROSA Finance SA (ALRSRU) exp Baa2/BBB-/BBB- US$500m (no grow) 144A/Reg S 7y sr notes due 6/25/27. Gtd by Alrosa PJSC. JPM (GC/B&D)/Gaz/SG/VTB joint books. UOP: gcp, and to refi existing debt. Pricing today. Settle 6/25. 

• IPTs: 3.375-3.50%.
  REVISED GUIDANCE: 3.25% area. Books will go subject at 2.30pm LDN / 9.30am NY.
  FINAL GUIDANCE: 3.10-3.15% (WPIR).
  LAUNCHED: $500m 7y at 3.10%.
  

PRICED: $500m 3.10% 6/25/27 100.00 3.10% T+253 (MS+256).