логотип компании
home Sitemapsitemap
Apr 27, 2018 01:56
(GMT+3)
Latest news
Apr 24, 2018
Russian Railway announces 2017 Consolidated Results under IFRS
Apr 11, 2018
RZD Holding ready to transport children to south Russian resorts during summer 2018
Apr 10, 2018
Main construction and installation work completed at Saransk and Ruzaevka stations
Apr 09, 2018
Freight loading for export via Russia’s ports increased by 4.6% in first quarter 2018
Apr 06, 2018
Free Wi-Fi service will be available at 136 railway stations by start of 2018 FIFA World Cup Russia™
Apr 06, 2018
Passenger transportation by day express up by 25% in first quarter of 2018
News archive
Home
Investor Relations
News

News

Oct 19, 2017

Russian Railways successfully placed Rouble Eurobond

In October 2017, JSC “RZD” successfully placed a RUB-denominated Eurobond in line with the Company’s borrowings policy for 2017. Ahead of the deal the Company conducted the 3-day roadshow in Moscow and London that included both group events and 1-on-1 meetings with key investors. The Notes were issued in RegS only format by RZD Capital P.L.C. (Ireland) as an issuer and have the sole purpose of financing its loan to JSC “RZD”.

Pricing of RUB 15bn 7-year Eurobond transaction took place on 12 October 2017. Strong demand from both international and local investors resulted in the book reaching RUB 40bn. As a result the pricing tightened from IPTs of 7.9-8.0% to the final yield of 7.90% - 35bps inside the Issuer’s most recent Local bond issue of comparable tenor. The issue was priced at a spread of 53 bps to the OFZ curve, 7 bps inside the historic secondary levels. The new issue further extends RZD’s liquid Euro-Rouble secondary curve, firmly established as the market’s premier corporate benchmark

Geographical split of demand for the new issue confirms strong interest for the Company’s debt instruments from international investors: they accounted for 40% of final allocations, with majority from the UK.

With the new issue JSC “RZD” achieved the lowest rouble coupon for the Company’s RUB Eurobonds ever as well as the lowest coupon for any Russian borrower on international debt markets since January 2013. RZD’s fourth rouble-denominated Eurobond placement takes the total amount of the Company’s international RUB debt outstanding to 82.5 billion.

The transaction was lead managed by Barclays, Sberbank CIB and VTB Capital.

***

The securities referred to herein are not registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This communication and information contained herein does not constitute an advertisement of any securities, or any other kind of advertisement, or an offer to buy securities or invitation to submit offers to purchase securities, in the Russian Federation.

back to List print version
screenRenderTime=1

© 2003-2018, Russian Railways
Mass Media Registration Certificate El. No. ФС77-25927
When using any material from the site reference to rzd.ru is obligatory

The Company | Passengers | Freight | Press Centre | Investor Relations | Contacts | Search