RZD offer nets 98.5 mln euro in 2021 Eurobonds
MOSCOW. Feb 29 (Interfax) - Russian Railways (RZD) will buy 98.534 million euro in Eurobonds from an issue maturing in 2021 as the result of an offer to purchase the bonds, the company reported.
The purchase price for the Eurobonds, which have par value of 1,000 euro each, will be 935.5 euro.
RZD announced earlier in February that it would spend up to 150 million euro on the Eurobonds. It initially placed 1 billion euro of the Eurobonds, a debut issue in that currency, in April 2013, at a yield of 3.3744% annually. Following the offer, bonds totaling 901.5 million euro will remain in circulation.
Barclays and VTB Capital are the deal organizers.
RZD placed one other issue of euro-denominated bonds totaling 500 million euro at the end of February 2014, just a few days before sanctions were imposed on Russian issuers as a consequence of the crisis in Ukraine.