12 Sep 2011 19:53

RZD buys back 98.9% of 13th bond issue through offer

MOSCOW. Sept 12 (Interfax) - Russian Railways (RZD), in the framework of an offer, has bought back 14,847,759 bonds at face value from its 13th series issue from bondholders, the company said in a statement.

Each bond has a face value of 1,000 rubles. The offer was exercised on time.

RZD's 13th bond issue comes to1 5 billion rubles and was placed on March 12, 2009 at price equal to 100% of face value. The issue matures over five years.

The first coupon on the issue came to 15%, second - 13.88%, third - 11.45%, fourth and fifth 10%. The issuer set the sixth coupon rate at 0.1%.