Source: Russia’s EDC to offer 10 bln rbl bonds April 11 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

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)

End

03.04.2019 14:48