Russia’s Kortros to offer 3 bln rbl of exchange bonds on Aug 23 - Prime

RSG-Finance, a special purpose vehicle of Russian real estate developer Kortros, plans to offer 3 billion rubles worth of 3-year exchange bonds of the sixth series on August 23, as seen by PRIME in materials for investors on Monday. The guidance for the first coupon is set at 14.5–15% annually, which corresponds to a 15.03–15.56% annual yield to an 18-month offer. The issue carries semiannual coupons. The technical placement on the Moscow exchange is scheduled for August 25. B&N Bank and Otkritie Financial Corporation Bank act as organizers of the placement, while RSG International acts as a guarantor.

• Status
  redeemed
• Country of risk
  Russia
• Redemption (put/call option)
  *** (***)
• Amount
  3,000,000,000 RUB
• М/S&P/F
  — / — / —

• Full name
  RSG Finance LLC
• Registration country
  Russia
• Industry
  Construction and development