Russian finance ministry announces exchange of $4 bln Eurobonds

September 13, 2017 - Prime

 

The Finance Ministry has announced the start the exchange of two issues of Eurobonds totaling no more than U.S. $4 billion for other issues, the ministry said in a statement on Wednesday.

The ministry plans to exchange Eurobonds maturing in 2018 and 2030 for additional issues of Eurobonds maturing in 2027 and 2047. The buyback price of the 2018 Eurobonds should not exceed 107.8% of a face value, and the buyback price of the 2030 Eurobonds should not be more than 117.5% of a face value, the ministry said.

Owners of the Eurobonds that want to participate in the exchange should submit their bids to VTB Capital until September 19, and the buyback price will be defined on September 20 after the bid book is analyzed.

VTB Capital, GBP International, and Sberbank CIB will act as the organizers of the exchange.
Condividere:
Emittente, numero dell' emissioneRussia, 11.0% 24jul2018, USD
Tipo di titolo di debitoObbligazioni internazionali
Status dell' emissionein corso
Tipo di collocamentopubblico
Nominale, valuta dell' emissioneUSD 1.000
Importo3.466.398.000
Data di registrazione24.07.1998
Numero di registrazioneMK-0-CM-126
ISINXS0089375249
Fine del collocamento24.07.1998
Data dell' inizio degli scambi11.01.2005
Prezzo dell' emissione73,858
Rendimento al prezzo di collocamento15,77
Cedola11.0%
Frequenza della cedola2 Numero di volte l' anno
Inizio della decorrenza della cedola24.07.1998
Data di scadenza24.07.2018
Gestori dell' emissionePlacement participant: Goldman Sachs Paying agent: Citibank NA (London)
Piattaforma di tradingMoscow Exchange, XS0089375249 (First level, 21/12/2004), Luxembourg S.E., Frankfurt S.E., Berlin Exchange
Cbonds page: Russia
Scheda dell' emittente:

Russia, the Russian Federation is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects. Russia is also the world's ninth most populous nation with 143 million people as of 2012. Extending across the entirety of northern Asia and much of Eastern Europe, Russia spans nine time zones and incorporates a wide range of environments and landforms.

Emissioni sul mercato:
53 EmissioniRUB8.849.065.888.000
12 EmissioniUSD47.684.574.656
1 EmissioniEUR750.000.000
Rating dell' emittente:
RIA RatingBBB+/Sovereign ratings04.09.2015
Dagong CreditA/International scale rating (foreign curr.)06.09.2017
Dagong CreditA/International scale rating (local curr.)06.09.2017
Organisation for Economic Co-operation and Development (OECD)4/Country Risk Classifications24.06.2016
Rating-Agentur Expert RABBB-/Rating scale of the creditworthiness of sovereign governments (SGC) -National currency14.07.2017
Rating-Agentur Expert RABBB-/Rating scale of the creditworthiness of sovereign governments (SGC) - Foreign currency14.07.2017
Rating-Agentur Expert RABBB-/Rating scale of the country credit environment (CCE) rating - National currency14.07.2017
Rating-Agentur Expert RABBB-/Rating scale of the country credit environment (CCE) rating - Foreign currency14.07.2017
Moody's Investors ServiceBa1/LT- foreign currency17.02.2017
Moody's Investors ServiceBa1/LT- local currency17.02.2017
S&P Global RatingsBB+/Foreign Currency LT17.03.2017
S&P Global RatingsBBB-/Local Currency LT17.03.2017
S&P Global RatingsNR/LT National Scale (Russia)02.06.2017
Fitch RatingsBBB-/LT Int. Scale (foreign curr.)31.03.2017
Fitch RatingsWithdrawn/National Scale (Russia)02.09.2011
Fitch RatingsBBB-/LT Int. Scale (local curr.)31.03.2017
Rating Agency RAEX (Expert RA)Withdrawn/Foreign curr. scale04.07.2016
Rating Agency RAEX (Expert RA)Withdrawn/Local curr. scale04.07.2016
National Rating AgencyiBBB/Global scale30.09.2016
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