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Russian Railways to bring add on to 7.487% sterling notes due 2031
By Christine Van Dusen
Atlanta, June 3 - OAO Russian Railways Co. is planning a tap of its 7.487% sterling notes due March 25, 2031, a market source said.
No other details were immediately available on Friday.
The original issue of £350 million notes priced on March 18 at par to yield Gilts plus 325 basis points after being talked in the low-300 bps area.
Barclays Capital, Goldman Sachs and VTB Capital were the bookrunners for the Regulation S notes, which include a change-of-control put at par if government ownership falls below 66%.
Russian Railways is a railway company based in Moscow.
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