Transneft to offer 30 bln rbl 3.5-yr exchange bonds Apr 25

April 21, 2017 - Prime


Russian oil pipeline monopoly Transneft plans to accept bids for 30 billion rubles of 3.5-year exchange bonds on April 25, a banking source told PRIME on Friday.

The first coupon guidance was set at 8.9–9.0% annually, which corresponds to a 9.1–9.2% annual yield.

The issue will carry semiannual coupons.

VTB Capital will act as the organizer.

The technical placement is slated for May 3 preliminarily.
Issuer: Transneft
Issuer profile:
Oil Transporting Joint Stock Company Transneft was established in accordance with the RF Presidents Decree # 1403 dated 17 th November, 1992 and the Government of the Russian Federation Regulation # ... more
Outstanding issues:
15 issuesRUR353,000,000,000
1 issuesUSD1,050,000,000
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-/PositiveLocal Currency LT03/21/2017
Moody's Interfax Rating AgencyWithdrawn/National Scale (Russia)03/18/2016