Russia’s Kortros to offer 3 bln rbl of exchange bonds on Aug 23 - Prime
August 8, 2016 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.
Issue — RSG - Finance, BO-06
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —
Company — RSG - Finance
Full nameRSG Finance LLC
IndustryConstruction and development