Russian Agricultural Bank Issued New Benchmark Eurobond
OREANDA-NEWS On 09 June was announced, that Russian Agricultural Bank completed a new 5-year Benchmark Eurobond issue under the updated USD 7 bln Debt Issuance Programme. The size of the offering is USD 1 billion with coupon 9%. The issue is rated Baa1 by Moody’s and BBB by Fitch. Citi and Barclays Capital have acted as Lead Managers of the offering.
The benchmark issue of notes of RSHB Capital S.A. was completed in the 144a / Reg S format. The notes are listed on the Irish Stock Exchange.
The Notes were issued to provide funding for Russian Agricultural Bank’s operations, which include lending within the framework of the ongoing State Program on Agribusiness Development 2008-2012.
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