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.
|Key Facts & Figures: Russian Railways
• The second largest network in the world with 85,200 km of track – 43,000 km of which are electrified
• Carries over 1.1 billion passengers and 1.1 billion to...