MOSCOW, Jul 5 (PRIME) -- Belarusian food retailer Eurotorg has cut the coupon guidance for its debut 5 billion ruble issue of 10-year bonds to 10.9–11.0% annually, a banking source told PRIME on Friday.
The new guidance corresponds to an 11.35–11.46% annual yield to maturity.
The initial coupon guidance stood at 11.0–11.5% annually, which corresponded to a 11.46–12.01% annual yield.
The issue carries quarterly coupons and envisages amortizing repayment.
Bids are accepted on Friday and the technical placement scheduled for July 9.
Gazprombank, Credit Bank of Moscow, brokerage company Region, BCS Global Markets and Renaissance Capital are the organizers.
(63.4013 rubles – U.S. $1)
End
|
|
