Published on 4/20/2012 in the Prospect News Emerging Markets Daily.
New Issue: Russia's Raspadskaya prices $400 million 7¾% five-year notes at par
By Aleesia Forni
Columbus, Ohio, April 20 - OAO Raspadskaya priced $400 million 7¾% notes (B1//B+) due 2017 at par on Friday, according to a market source.
Initial guidance was set at 7%.
Goldman Sachs, Morgan Stanley and VTB Capital managed the Kemerovo, Russia-based coal mining company's deal.
Issuer: | OAO Raspadskaya
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Issue: | Notes
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Amount: | $400 million
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Maturity: | April 27, 2017
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Managers: | Goldman Sachs, Morgan Stanley, VTB Capital
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Coupon: | 7¾%
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Price: | Par
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Yield: | 7¾%
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Trade date: | April 20
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Settlement date: | April 27
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Ratings: | Moody's: B1
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| Fitch: B+
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Price talk: | 7%
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