By Rebecca Melvin
New York, Nov. 19 – PJSC RusHydro said it has sold RUB 15 billion of 6.8% loan participation notes due 2024, according to a company news release.
The Regulation S deal came tight to an initial coupon target rate of 7% to 7.15%, and the pricing represents an all-time low for ruble-denominated eurobonds issued by Russian corporates, according to the release.
JPMorgan, VTB Capital plc, Sberbank CIB and Gazprombank were the bookrunners of the notes.
RusHydro is a Moscow-based electricity generating company that operates renewable and thermal power plants.
| Issuer: | RusHydro Capital Markets DAC
|
| Issue: | Loan participation notes
|
| Amount: | RUB 10 billion
|
| Maturity: | November 2024
|
| Bookrunners: | JPMorgan, VTB Capital plc, Sberbank CIB and Gazprombank
|
| Coupon: | 6.8%
|
| Announcement date: | Nov. 19
|
| Rating: | S&P: BBB-
|
| Distribution: | Regulation S
|
| Target rate: | 7% to 7.15%
|
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