Kortros places 3 bln rbl exchange bonds at 13.5%
April 10, 2017 Prime
RSG-Finance, a special purpose vehicle of Russian real estate developer Kortros, has placed 3 billion rubles worth of 5-year exchange bonds of the seventh series with the first coupon of 13.5% annually, the company said in a statement on Monday.
The rate corresponds to a 13.96% annual yield to a 2-year offer. The second, third and fourth coupons also stand at 13.5%.
The technical placement of the bonds took place on April 7. BCS Global Markets and Otkritie Financial Corporation (FC) Bank were organizers, Expobank acted was a co-organizer, and Otkritie FC Bank was also a technical underwriter.
Currently, Kortros has four other issues of exchange bonds in circulation with the combined amount of 10 billion rubles.
Issue — RSG - Finance, BO-07
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —
Company — RSG - Finance
Full nameRSG Finance LLC
IndustryConstruction and development