J.P.Morgan Securities seeks mandate to organize Inter RAO Eurobond issue
MOSCOW. Oct 16 (Interfax) - Eight banks are vying for the mandate to organize an issue of Eurobonds from Inter RAO UES , including a J.P.Morgan company, UK-registered J.P.Morgan Securities plc.
Inter RAO has also received applications from Raiffeisen Bank International, Deutsche Bank LLC, Gazprombank , VTB Capital plc (London), Barclays Capital LLC, Rosbank and Sberbank CIB, the company said in materials.
Inter RAO will announce its selection no later than November 13. The issuer is Netherlands-registered Inter RAO Finance.
Inter RAO plans to place a debut issue of Eurobonds in 2015-2016 totaling up to 15 billion rubles or the equivalent. The bonds will circulate for five years or more depending on the market. The parent company is the guarantor.