Demand for 5 billion ruble 10-year exchange bonds of Russian Post exceeded the offering amount threefold, the company said in a statement Friday.
The company collected bids on Thursday. The coupon rate was set at 8.55% annually, which corresponds to a 8.73% annual yield.
The issue carries semiannual coupons.
VTB Capital, Otkritie Financial Corporation (FC) Bank, and Raiffeisenbank were appointed as organizers, while Alfa-Bank, Sviaz-Bank, and Sovcombank as co-organizers.
|Issuer, issue number||Russian Post, BO-001P-02 |
|Type of debt instrument||Domestic bonds |
|Issue status||outstanding |
|Type of placement||Public |
|Par, currency of issue||RUR 1,000 |
|Registration date||05/02/2017 |
|State registration number||4B02-02-00005-T-001P |
|Start of placement||05/23/2017 |
|End of placement||05/23/2017 |
|Date of circulation start||05/23/2017 |
|Initial issue price||100 |
|Yield at pricing||8.73 |
|Coupon||Coupons 1-8: 8.55%, coupons 9-20 are set by the issuer |
|Coupon frequency||2 time(s) per year|
|Settlement date||05/23/2017 |
|Maturity date||05/11/2027 |
|Issue Managers||Bookrunner: Raiffeisen Bank, Otkritie Bank, VTB Capital
Joint Book-Running Manager: Sovcombank, Sviaz-Bank, Alfa Bank |
|Trading floor||Moscow Exchange, RU000A0JXRD5 (Third level, 05/02/2017) |
Postal network of the Russian Federation provides postal services throughout the country including all towns and rural settlements. Russian Post represents 85 branches, 40 000 post offices with 39...