November 28, 2018 | Cbonds
|Yesterday the Ministry of Finance of the Russian Federation placed Eurobonds for 1 billion EUR, according to the materials of the Ministry. |
The face value of the securities is 100,000 EUR. The circulation period is 7 years (maturity date is December 4, 2025). The placing price is 99.221% of the face value. The coupon period is 1 year.
The coupon rate is 2.875% per annum, which corresponds to a yield to maturity of 3% per annum.
Technical placement will be held on December 4, 2018.
As previously reported, during the collection of applications for Russian Eurobonds, the final yield benchmark was set at 2.875%-3% per annum. The collection of applications took place yesterday until 05:00 PM (Moscow Time). The planned volume of the placement is up to 1 billion EUR. The volume of demand exceeded 1 billion EUR.
The arranger of placement is VTB Capital.
Issue: Russia, 2.875% 4dec2025, EUR
|Status||Country of risk||Redemption (offer)||Volume||Issue Rating (M/S&P/F)|
|Full company name||Ministry of Finance of the Russian Federation|
|Country of risk||Russia|
|Country of registration||Russia|