Russian port operator Fesco raises $75m in a further deal
Fesco Transportation Group, a Russian port operator, has tapped the $800m of senior secured high yield bonds it sold in late April for a further $75m. EuroWeek understands that the deal was reverse enquiry-led.
Bookrunners Goldman Sachs (billing and delivering), ING and Raiffeisen Bank International priced the original deal and the tap.
The $500m 8% 2018s were tapped for $50m at a price of 101.375 and the $300m 8.75% 2020s for $25m at a price of 102.5. Both tranches of the original
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