Chicago, March 22 – RZD Capital plc sold RUB 20 billion of 7.45% loan participation notes due 2028 (BBB-/BBB) at par, according to an offering document.
The notes mature Sept. 18, 2028.
Eurasian Development Bank, GPB-Financial Services Ltd., J.P. Morgan Securities plc, Sova Capital Ltd. and VTB Capital plc are joint lead managers
Proceeds will be used to fund a loan to Russian Railways JSC. Proceeds will be used by Russian Railways in the ordinary course of business, including for the funding of the company’s investment program and for repaying debt.
| Issuer: | RZD Capital plc
|
| Issue: | Loan participation notes
|
| Amount: | RUB 20 billion
|
| Maturity: | 2028
|
| Bookrunners: | Eurasian Development Bank, GPB-Financial Services Ltd., J.P. Morgan Securities plc, Sova Capital Ltd. and VTB Capital plc
|
| Coupon: | 7.45%
|
| Price: | Par
|
| Yield: | 7.45%
|
| Call features: | Make-whole call, par call
|
| Change of control: | At par
|
| Trade date: | March 16
|
| Ratings: | S&P: BBB-
|
| Fitch: BBB
|
| Distribution: | Regulation S
|
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