Brunswick Rail to buy back $600 mln bonds at 88.75% face value

September 13, 2017 - Prime


Russian freight car leasing company Brunswick Rail has reached an agreement with investors to buy back bonds at a price of U.S. $887.5 per security, or 88.75% of a face value, for a total sum of U.S. $600 million, the company said in a statement on Wednesday.

In 2016, the company offered to buy back the bonds at 44% of their face value, so the new offer it a significant improvement, the company said.
Issuer: Brunswick Rail Ltd
Issuer profile:
The leading private operating lessor in Russia.
Outstanding issues:
1 issuesUSD600,000,000
Issuer rating:
Moody's Investors ServiceCa/NegativeLT- foreign currency06/16/2016
Moody's Investors ServiceCa/NegativeLT- local currency06/16/2016
S&P Global RatingsNR/Foreign Currency LT07/26/2017
S&P Global RatingsNR/Local Currency LT07/26/2017
150 000
issues: local and international bonds
+7 812 336 97 21
150 000
issues: local and international bonds
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