Published on 9/26/2016 in the Prospect News Emerging Markets Daily.
New Issue: Russia’s O1 prices $350 million 8¼% notes due 2021 at 98.999
By Christine Van Dusen
Atlanta, Sept. 26 – Russia’s O1 Properties Finance plc priced $350 million 8¼% notes (B1/B+) due 2021 at 98.999 to yield 8½%, according to a filing from the company.
Credit Suisse, Goldman Sachs, JPMorgan, Raiffesein Bank and VTB were the bookrunners for the Rule 144A and Regulation S deal.
The issuer is a subsidiary of investment company O1 Properties Ltd., which is based in Moscow.
| Issuer: | O1 Properties Finance plc
|
| Amount: | $350 million
|
| Maturity: | Sept. 27, 2021
|
| Description: | Notes
|
| Bookrunners: | Credit Suisse, Goldman Sachs, JPMorgan, Raiffesein Bank, VTB
|
| Co-manager: | Otkritie Bank
|
| Coupon: | 8¼%
|
| Price: | 98.999
|
| Yield: | 8½%
|
| Call: | Make-whole call at Treasuries plus 50 bps
|
| Trade date: | Sept. 23
|
| Settlement date: | Sept. 27
|
| Expected ratings: Moody's: B1
|
| S&P: B+
|
| Distribution: | Rule 144A and Regulation S
|
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