News
09 February 2021
Eurasian Development Bank co-arranges Russian Railways bond
In:
Social infrastructure
Region:
Europe
The Eurasian Development Bank has co-arranged a bond issue by Russian Railways.
The order book totalling RUB20 billion (about $269.7 million) opened on 29 January with an initial coupon benchmark of 6.85% to 6.95% per annum. Investor interest allowed the issuer to set the coupon at the lower end of the marketable range, at 6.85% per annum, which corresponds to a yield to maturity of 6.97% per annum. The bonds will mature in 6.3 years.
The other arrangers are VTB Capital, Otkritie Bank, the Region Broker Company, the Credit Bank of Moscow, and Sberbank CIB.
