KYIV, Sept 17 - Metinvest is placing seven-year eurobonds worth $333 million with a yield of 7.95%, a banking industry source said, Interfax-Ukraine reported.

The company was originally expecting the yield at 8.5%, but it had dropped due to higher demand for the paper. The source added that the demand for bonds exceeded $ 1.6 billion.

Earlier, on September 15, Metinvest, the largest Ukrainian mining and metallurgical holding, offered to buy back its eurobonds maturing in 2021 and 2023 for a total amount of up to $ 290 million (including, inter alia, commissions for tenders), in particular through the issue of new eurobonds.