January 31, 2017 |
|Russian railway equipment maker Transmashholding has set the final first coupon rate guidance for 10 billion ruble 3-year exchange bonds at 9.95%, which corresponds to a 10.2% annual yield to maturity, a banking source told PRIME on Tuesday.|
The bid book has been closed now, the source said.
The initial coupon guidance stood at 10.45–10.65% and was lowered to 10.2–10.4% and further to 10.0–10.2% and 10% earlier in the day.
The technical placement of the bonds is preliminarily scheduled for February 7.
VTB Capital, Renaissance Capital and Gazprombank act as organizers of the placement.
Issue: TransMashHolding, PBO-01
|Status||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
|Full company name||CJSC TransMashHolding|
|Country of risk||Russia|
|Country of registration||Russia|