RZD expect 13 February to spend from 11:00 to 15:00 Moscow time to collect applications for exchange bonds series 001P-05R, said a source in the market. The technical placement of securities on the stock exchange is scheduled for February 20, 2018.
Indicative rate of the 1st coupon on bonds is in the range of 7.50 – 7.60% per annum, which corresponds to yield to put at the level of 7.64-7.74% APR.
Output – Benchmark (at least 15 billion rubles). Nominal value of one security – 1000 rubles. The maturity of bonds 15 years, it is assumed 8-year offer.
The organizers of the placement: “Gazprombank”,”BK REGION, Sberbank CIB”, “Rosselkhozbank”. The placement agent is VTB Capital.
The accommodation is in the framework of the program of exchange bonds with a total volume of 150 billion rubles or its equivalent in foreign currency. Previously, the Issuer has already engaged in the programme 45 billion.