Source: Russia’s EDC to offer 10 bln rbl bonds April 11
MOSCOW, Apr 3 (PRIME) -- Eurasia Drilling Company (EDC) plans to offer at least 10 billion rubles of 3-year exchange bonds on April 11, a banking source told PRIME on Wednesday.
The first coupon guidance was set at 8.60–8.75% annually, which corresponds to an 8.78–8.94% annual yield. The issue will carry semiannual coupons.
Eurasia Drilling Company Ltd. will act as the guarantor.
Alfa-Bank, Rosbank and Sovcombank are the organizers.
Technical placement is preliminarily scheduled for April 23.
(65.4726 rubles – U.S. $1)
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03.04.2019 14:48