Russia's MDMG narrows IPO price range-sources


MOSCOW, Oct 11 (Reuters) - Russian private healthcareprovider MD Medical Group narrowed the price range for itsLondon share sale to between $11.50 and $12.50 per globaldepositary receipt from an earlier $11.25 to $13.50, two sourcesclose to the deal said on Thursday.

The company had expected the total size of the offering ofnew and existing GDRs to be between $295 million and $343million, including an over-allotment option.

Order books on the offering, which includes both new andexisting shares, are fully covered, three sources close to thedeal told Reuters this week.

The offering includes $150 million of new GDRs to raisemoney to fund the expansion of the company's clinic and hospitalnetwork, as well as existing shares being sold by its mainshareholder, MD Medical Holding Limited.

(Reporting by Olga Popova; Writing by Maria Kiselyova; Editingby Douglas Busvine)

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