Published on 1/31/2020 in the Prospect News Emerging Markets Daily.
New Issue: SovCom Capital sells $300 million perpetual loan participation notes
By Marisa Wong
Los Angeles, Jan. 31 – SovCom Capital DAC priced $300 million of perpetual loan participation notes at par, according to a notice.
The notes are non-callable for 5¼ years.
The Dublin-based special purpose vehicle is issuing the bonds for Kostroma, Russia-based PJSC Sovcombank.
J.P. Morgan Securities plc, Alfa-Bank, Emirates NBD, Gazprombank, Renaissance Capital, Sberbank CIB and VTB Capital are managers for the offering.
| Issuer: | SovCom Capital DAC (PJSC Sovcombank)
|
| Issue: | Loan participation notes
|
| Amount: | $300 million
|
| Maturity: | Perpetual
|
| Managers: | J.P. Morgan Securities plc, Alfa-Bank, Emirates NBD, Gazprombank, Renaissance Capital, Sberbank CIB and VTB Capital
|
| Price: | Par
|
| Call: | Non-callable for 5¼ years
|
| Announcement date: | Jan. 31
|
| Rating: | Fitch: B
|
| Listing: | Euronext Dublin
|
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