Russian Post prices 9 bln rubles in bonds at 8.7%
MOSCOW. Oct 24 (Interfax) - Federal state unitary enterprise Russian Post has priced 9 billion rubles in seven-year series 2-4 bonds at 8.7% pa, the company said.
Guidance for the first coupon was originally 8.7%-8.9%, and lowered to 8.7%-8.75%.
Raiffeisenbank and Sberbank CIB took bids from October 22-October 24.
Each of the three series is 3 billion rubles and face value is 1,000 rubles per bond.
The bonds will be placed on the MICEX stock exchange on October 26.
The bonds carry semiannual coupons. The loan co-organizer is Sviaz-Bank .
The Federal Financial Markets Service (FFMS) registered the three issues and accompanying prospectus October 4.
Russian Post currently has a 7-billion-ruble debut series of 5-year bonds placed in March of last year in circulation. First-coupon guidance was established via book building at 8.25%. The organizer of this issue was Raiffeisenbank and the co-organizer Sviaz-Bank.
Russian Post, the country's national mail operator, owns 42,000 branches that render services throughout all of Russia. The company's sales revenue in 2011 came to 120.7 billion rubles, EBITDA - 3.8 billion rubles, and debt to EBITDA ratio - 0.5.