TCB Acts as Arranger for RZHD’S Infrastructure Bond Offering
OREANDA-NEWS. On 19 March 2009 was announced, that JSC Russian Railways fully placed through open subscription at MICEX its series 10 and 13 infrastructure bond issues for the total amount of RUR30 bn. The interest rate on the first coupon was 15% p.a. for both issues.
The deal was arranged by TransCreditBank, Sberbank of Russia, VTB, Gazprombank and IC Troika Dialog.
The series 10 RUR15 bn non-convertible bond issue matures in 5 years and carries 10 semiannual coupons. The coupon rate is fixed for the entire life of securities. The state registration number of the issue is 4-10-65045-D.
The series 13 non-convertible bond issue has the same size of RUR15 bn, the same life of 5 years and also carries 10 semiannual coupons. The issue terms and conditions provide for the put option after 2.5 years. The interest rate on the bond will be corrected each six months for the amount of change of the interest rate at CBR’s weekly REPO auctions. This issue carries number 4-13-65045-D.
Series 10 and 13 infrastructure bonds are included on the MICEX B list. Commencement of bond trading is scheduled for the next week. Proceeds of the offering will be applied to finance infrastructure projects under JSC RZhD’s investment program and financial plan.
Комментарии