Russian Railways green bond orders top €1.4bn

Russian Railways train 230x150
By Francesca Young
16 May 2019

Books for Russian Railways’ eight year euro green bond had breached the €1.4bn mark by lunchtime on Wednesday, allowing leads to tighten pricing. A banker away from the note said the levels offered looked fair.

Initial price guidance for the deal started at 2.5% area before being tightened to 2.375% area.

A syndicate official away from the deal said the initial guidance was exactly what  he would have suggested. Having spotted Russian Railways 2023s trading around 155bp-160bp over mid-swaps, he used similar points ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.