Russian Railways fully places 15 bln rubles in sixteenth-series bonds
MOSCOW. June 15 (Interfax) - Russian Railways (RZD) placed 15 billion rubles worth of ten-year sixteenth-series bonds in their entirety on Monday, the company said in a statement.
Demand for the bonds totaled 26.433 billion rubles. Bids were submitted by 58 investors.
The bond placement was arranged by TransCreditBank (TCB) , VTB Capital, Gazprombank, Sberbank and Troika Dialog .
The rate of the first coupon was set at 14.33%. The bonds have a planned two-year offer.
RZD will use the money raised from the bond issue to finance infrastructure projects as part of its investment program.