April 21, 2017 |
Russian Railways plans to collect bids for at least 15 billion rubles worth of 20-year exchange bonds on Friday, a banking source told PRIME on Thursday.
The first coupon guidance is set at 8.65–8.80% annually, which corresponds to an 8.84-8.99% annual yield to a 9-year buyback offer.
The issue will carry semiannual coupons.
The technical placement is scheduled for April 27.
VTB Capital and Russian Agricultural Bank will act as organizers.
|Full company name||Russian Railways|
|Country of risk||Russia|
|Country of registration||Russia|