Source: Russia’s Domodedovo may place $300–350 mln Eurobonds
November 3, 2016 Prime
Russia’s Domodedovo International Airport may place U.S. $300–350 million worth of 5-year dollar-denominated Eurobonds; demand for the securities has already exceeded $600 million, a financial market source told PRIME on Thursday.
Another source said earlier the company has lowered the yield guidance for its Eurobonds to 5.875–6.125% from 6.125% initially.
The airport held a road show for Eurobonds in Russia and Europe from October 28. ING, SG CIB and UBS were chosen as organizers of meetings with investors and potential offering.
The company said earlier it plans to use proceeds from the offering to finance a buyback of U.S. $300 million Eurobonds maturing in 2018 and for general corporate purposes.
Company — Airport Management Company Limited
Full nameAirport Management Company Limited