Russian Railways to collect bids for 15 bln rbl bonds today

April 21, 2017 - Prime


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.
Issuer: RZD
Issuer profile:
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... more
Outstanding issues:
36 issuesRUB667,750,000,000
3 issuesUSD2,400,000,000
2 issuesEUR1,500,000,000
3 issuesCHF1,125,000,000
1 issuesGBP650,000,000
Issuer rating:
Moody's Investors ServiceBa1/StableLT- foreign currency02/21/2017
Moody's Investors ServiceWithdrawn/LT- local currency02/25/2015
S&P Global RatingsBB+/PositiveForeign Currency LT03/21/2017
S&P Global RatingsBBB-/StableLocal Currency LT09/20/2016
S&P Global RatingsNR/LT National Scale (Russia)06/02/2017
Fitch RatingsBBB-/StableLT Int. Scale (foreign curr.)03/31/2017
Fitch RatingsWithdrawn/National Scale (Russia)03/31/2017
Fitch RatingsBBB-/StableLT Int. Scale (local curr.)03/31/2017
Moody's Interfax Rating AgencyWithdrawn/National Scale (Russia)03/18/2016
150 000
issues: local and international bonds
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150 000
issues: local and international bonds
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