UPDATE: Avtodor sets final guidance for 20 bln rbl bond at 10.31%

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MOSCOW, Jun 23 (PRIME) -- State-run highway operator Russian Highways, also known as Avtodor, has set the final coupon guidance for 20 billion rubles of 3-year exchange bonds at 10.31% annually, a financial source told PRIME on Friday.

The initial guidance was no higher than 10.31% annually. The company has collected bids on Friday. The issue carries semiannual coupons and amortization in parts. The technical placement was preliminary scheduled for June 29.

Gazprombank, BCS CIB, investment bank Sinara, brokerage company Region and Russian Agricultural Bank organize the placement.

(83.6077 rubles – U.S. $1)

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