NEW YORK, Oct 29 (Reuters) - LUKOIL, Russia's second largest oil producer, launched for sale $1.5 billion in five-year and 10-year debt on Thursday, according to market sources familiar with the details of the deal.
The company intends to sell $900 million worth of five-year debt with a yield of 6.50 percent, in-line with earlier guidance.
A 10-year tranche worth $600 million was launched with a yield of 7.375 percent, also in-line with earlier guidance.
The lead managers of the deal are Barclays Capital, ING and RBS.
LUKOIL is an investment-grade credit. Standard & Poor's and Fitch Ratings rate the company at BBB-minus, the lowest investment grade rating while Moody's Investors Service rates the company one notch higher at Baa2.

(Reporting by Daniel Bases) Keywords: LUKOIL BOND/LAUNCH (daniel.bases@thomsonreuters.com; +1 646 223 6131; Reuters Messaging: daniel.bases.reuters.com@reuters.net)

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