OREANDA-NEWS. February 15, 2010. JSC Russian Railways has issued its Series 23 bonds through book-building placement on the MICEX stock exchange effective 4th February 2010. The issue has a nominal value of 15 bn rubles and a 15-year tenor.   

Gazprombank JSC, CJSC VTB Capital, JSC Sberbank, Troika Dialog Investment Company and JSC TransCreditBank acted as joint lead managers.

The coupon rate has been set at 9 % per annum which is equivalent to 5-year put yield at 9.2 %.

With a total demand for the bond exceeding 43 bn rubles, the final order book closed with orders from more than 100 investors.