January 29, 2018 |
State Transport Leasing Company (STLC) plans to collect bids for 10 billion ruble 15-year exchange bonds with a floating coupon on Thursday, a banking source told PRIME on Monday.
The first and the second coupons are set at 8.5% annually, the third to the 18th coupons are to be based on the central bank’s key rate plus a markup, whose guidance was set at 0.75%.
Technical placement is preliminarily scheduled for February 6.
The issue will carry quarterly coupons and a 4.5-year buy-back offer.
Alfa-Bank, Gazprombank, B&N Bank and brokerage company Region will act as organizers.
Earlier in January, the company placed 10 billion rubles worth of 15-year bonds carrying a 5-year buy-back offer at the central bank’s key rate plus 0.75% annually. Demand topped 30.7 billion rubles.
Emission: STLC, 001P-08
|Status||Country of risk||Redemption (offer)||Volume||Emission Rating (M/S&P/F)|
|Full company name||State Transport Leasing Company|
|Country of risk||Russia|
|Country of registration||Russia|