Demonstrating the financial world’s hunger for yield, Metinvest’s Eurobond placement was almost five times oversubscribed,

Demonstrating the financial world’s hunger for yield, Metinvest’s Eurobond placement was almost five times oversubscribed, a banker told Interfax-Ukraine last night. Ukraine’s largest vertically integrated iron mining and steel company, seems to be getting more money cheaper than it expected. Initially looking for $300 million at 8.5%, Metinvest appears to be settling for $333 million worth of seven-year bonds for 7.95-8.05%. For comparison, 10-year US Treasuries carry a yield of .69%