By Christine Van Dusen
Atlanta, Oct. 5 – Russian Railways JSC – via RZD Capital plc – priced $500 million loan participation notes due Oct. 6, 2020 at par to yield 3.45% on Wednesday, according to a company filing.
JPMorgan and VTB Capital were the bookrunners for the Regulation S deal.
The proceeds of the notes (BBB-/BB+) will be used to finance the purchase of $1.5 billion 5.739% loan participation notes due 2017 and CHF 525 million 2.177% loan participation notes.
Russian Railways is a state-owned railway company based in Moscow.
| Issuer: | RZD Capital plc
|
| Amount: | $500 million
|
| Maturity: | Oct. 6, 2020
|
| Description: | Loan participation notes
|
| Bookrunners: | JPMorgan, VTB Capital
|
| Coupon: | 3.45%
|
| Price: | Par
|
| Yield: | 3.45%
|
| Change-of-control put: | At 100%
|
| Trade date: | Oct. 5
|
| Ratings: | S&P: BBB-
|
| Fitch: BB+
|
| Distribution: | Regulation S
|
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