Federation of Russia (RUGV) 2018-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD1,500.00011Mar-29Sr. UnsecuredBa1BBB-BBB-FixedYLD4.75% a4.625%-4.38%22.597.86300
USD2,500.00029Jun-47Sr. UnsecuredBa1BBB-BBB-FixedYLD5.50% a5.25%-5.25%099.99150
Tranche Comments
11 yr: Book size: 6500; Registration: 144A/Reg S; Comments: USD1.5bn bmk 11yr. With 2047 tap. Ba1/BBB-/BBB-. VTB sole. IPTs 4.75% area, guidance 4.75% area revised 4.625%/4.75%, set 4.625%, launched 1.5bn. Total books closed c.7.2bn. 4.375% coupon; 29 yr: Book size: 7200; Registration: 144A/Reg S; Comments: USD2.5bn tap of 4.5bn 5.25% 2047. With new 11yr. Ba1/BBB-/BBB-. VTB sole. IPTs 5.5% area, guidance 5.25%/5.375%, revised 5.25% (+/-5 WPIR), launched 2.5bn at 5.25%, Total books closed c.7.2bn. 88 days AI;
Deal Comments
USD2.5bn tap of USD4.5bn 5.25% due 6/23/2047