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.
|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 # ...