Russian Railways (RZD) placed social Eurobonds for 25 billion rubles
December 4, 2020
Volume: 25 billion rubles
Maturity: March 2, 2028
Nominal: 100,000 rubles
Coupon period: six months
Yield: 6.6% per annum
Listing: Irish S.E.
Purpose: Funding and/or refinancing of social projects in areas such as transport accessibility, health care, education and disaster relief.
Foreign investors bought 52% of the issue. 18% of the issue went to investors from Asia, 17% - to European investors, 17% - to investors from Great Britain and the USA.
Investors from Russia bought 48% of the issue.
Banks bought 56% of securities, 26% were taken by asset managers, and another 18% - by insurance companies.
Bookrunners: Gazprombank, J.P. Morgan, Credit Bank of Moscow, Sova Capital, UniCredit, and VTB Capital.
Issue — RZD, 6.598% 2mar2028, RUB
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —
Company — RZD
Full nameRussian Railways