Russian Railways to collect bids for 15 bln rbl bonds Fri

August 10, 2017 - Prime


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.
Issuer: RZD
Issuer profile:
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... more
Outstanding issues:
37 issuesRUB687,750,000,000
3 issuesUSD2,400,000,000
2 issuesEUR1,500,000,000
2 issuesCHF675,000,000
1 issuesGBP650,000,000
Issuer rating:
Moody's Investors ServiceBa1/StableLT- foreign currency02/21/2017
Moody's Investors ServiceWithdrawn/LT- local currency02/25/2015
S&P Global RatingsBB+/PositiveForeign Currency LT03/21/2017
S&P Global RatingsBBB-/StableLocal Currency LT09/20/2016
S&P Global RatingsNR/LT National Scale (Russia)06/02/2017
Fitch RatingsBBB-/StableLT Int. Scale (foreign curr.)03/31/2017
Fitch RatingsWithdrawn/National Scale (Russia)03/31/2017
Fitch RatingsBBB-/StableLT Int. Scale (local curr.)03/31/2017
Moody's Interfax Rating AgencyWithdrawn/National Scale (Russia)03/18/2016
150 000
issues: local and international bonds
+7 812 336 97 21
150 000
issues: local and international bonds
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