By Christine Van Dusen
Atlanta, Jan. 31 - Russian Railways priced a combined CHF 675 million of five- and eight-year notes on Tuesday, a market source said.
The deal included CHF 525 million notes due Feb. 26, 2018 that priced at par to yield 2.177%. The second tranche totaled CHF 150 million notes due Feb. 26, 2021 that priced at par to yield 2.73%.
VTB Capital, Barclays and Credit Suisse were the bookrunners for the deal.
The proceeds will be used for infrastructure projects.
The issuer is a rail operator based in Moscow.
| Issuer: | RZD Capital Ltd. (Russian Railways)
|
| Amount: | CHF 675 million
|
| Description: | Notes
|
| Bookrunners: | VTB Capital, Barclays, Credit Suisse
|
| Trade date: | Jan. 29
|
| Settlement date: | Feb. 26
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
|
|
| Notes due 2018
|
| Amount: | CHF 525 million
|
| Maturity: | Feb. 26, 2018
|
| Coupon: | 2.177%
|
| Price: | Par
|
| Yield: | 2.177%
|
|
|
| Notes due 2021
|
| Amount: | CHF 150 million
|
| Maturity | Feb. 26, 2021
|
| Coupon: | 2.73%
|
| Price: | Par
|
| Yield: | 2.73%
|
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