Russian Railways plans to collect bids for at least 15 billion rubles worth of 15-year exchange bonds on Friday, a banking source told PRIME on Thursday.
The guidance for the first coupon rate was set at 8.30–8.50% annually, which corresponds to an 8.47%–8.68% annual yield to an 8-year buyback offer.
The issue will carry semiannual coupons.
The technical placement is preliminary scheduled for August 17.
Sberbank CIB and Russian Agricultural Bank will act as organizers, VTB Capital will act as a placement agent.
|Key Facts & Figures: Russian Railways
• The second largest network in the world with 85,200 km of track – 43,000 km of which are electrified
• Carries over 1.1 billion passengers and 1.1 billion to...