Moscow Domodedovo Airport plans dollar-denominated seven-year notes

By Rebecca Melvin

New York, Jan. 20 – Moscow Domodedovo Airport has selected banks and scheduled fixed-income investor calls regarding a proposed issue of new dollar-denominated notes with a seven-year tenor, according to a market source.

J.P. Morgan Securities plc, Raiffeisen Bank International and Societe Generale CIB are the joint lead managers, which will arrange a global investor call on Wednesday and subsequent individual calls.

A Rule 144A and Regulation S offering of loan participation notes (Ba1//BB), issued by DME Airport DAC, will follow subject to market conditions.

The proceeds will be used primarily to fund a tender offer launched by DME Airport for its outstanding 5 7/8% notes due 2021 and a portion of its outstanding 5.075% notes due 2023. The tender is expected to be settled on or about Feb. 18 with the early participation results announced on Jan. 28.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.