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Transneft Successfully Floats 7-Year Bonds

Date of publication: 31 October 2019 Printable version

On 30 October 2019, Transneft closed the book-building for placement of its exchange bonds with the maturity period of 7 years, series BO-001R-13, at the total par value of RUB 15 billion.

The coupon rate is set at the level of 6.85% which is the lowest among the corporate bond issues with a 7-year maturity.  The collection of preliminary requests from investors showed that the total demand for the bonds thrice exceeded the actual offer and reached RUB 56 billion.

This is a record placement in terms of maturity in the Russian public market of debt securities this year, which has confirmed once again the trust of investors in the Company’s credit quality.

Transneft Press Service
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