Russian Railways 2020-2

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
RUB25,000.0007.25Mar-28Sr. UnsecuredBaa2BBB-BBBFixedYLD6.55-6.65%6.55% a-6.60%-100.00000
Tranche Comments
7.25 yr: Registration: Reg S Only; Comments: RUB25bn Mar 2028 7.25yr social LPN, snr unsec RegS (SRI). Baa2/BBB-/BBB/Sustainalytics SPO. Gaz/JPM/Sova/Uni/VTB(B&D/FX)/CBOM. JPM/Uni struc. IPTs 6.55%/6.65%, guidance 6.55% (+/-5 WPIR), launch 25bn at 6.6%, bks >30bn (15bn JLM), pre close. Shot first. Distribution: 48%, Asia 18%, Eur 17%, UK/US 17%. Bks 56%, AM 26%, Ins 18%.;
Deal Comments
Social Loan Participation Notes