RusHydro to place 5-yr ruble-based Eurobonds
MOSCOW. Oct 20 (Interfax) - RusHydro plans to place five-year year ruble-based Eurobonds, a source in banking circles told Interfax.
The Eurobond yield is forecast at around 8%, the source said.
According to an analytical note from Renaissance Capital Investment Company, RusHydro plans to place either five-year Eurobonds with yield at 8%-8.25% or seven-year Eurobonds with yield at 8.5%-8.75%.
RusHydro said in a presentation readied for the placement that it plans to issue five to seven year Eurobonds worth 20 billion rubles.
The placement will take place on the London Stock Exchange (LSE) according to Reg S. Gazprombank, JP Morgan Troika Dialog Investment Company are the placement's organizers. The issue's roadshow started on Wednesday last week.