Source: SUEK to offer at least 10 bln rbl bonds on Friday
MOSCOW, Oct 8 (PRIME) -- Siberian Coal Energy Company (SUEK) plans to accept bids for at least 10 billion rubles of 10-year exchange bonds on Friday, a banking source told PRIME on Tuesday.
The first coupon guidance is set at 7.4–7.5% annually, which corresponds to a 7.54–7.64% annual yield to 4-year put.
The issue carries semiannual coupons.
The technical placement is scheduled for October 21.
VTB Capital, Gazprombank, Otkritie Financial Corporation (FC) Bank and Sovcombank will be the organizers. SUEK-Finance is the issuer.
(64.8259 rubles – U.S. $1)
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08.10.2019 10:21