OAO Russian Railways lowered the guidance on a benchmark-sized seven-year ruble Eurobond to a yield of about 8.3 percent, Interfax reported, citing a banker with knowledge of the deal last yesterday.

Yield guidance was cut to 8.375 percent yesterday from about 8.5 percent.

Several days after the ruble Eurobond sale, Russian Railways may issue dollar bonds with a longer maturity, the news service said.

To contact the reporter on this story: Torrey Clark in Moscow at tclark8@bloomberg.net

To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net