Sovcomflot seeks dollars as Russia-Ukraine tensions mount

By Mariam Meskin
13 Apr 2021

Sovcomflot, the shipping company majority-owned by the Russian state, is planning to enter the debt capital markets. But the dollar bond mandate comes at a tricky time as military escalation between Russia and Ukraine has caused investor confidence of assets on both sides to fall.

Sovcomflot, rated Ba1/BBB-/BBB-, has mandated banks to arrange investor calls for a potential Reg S/144A senior unsecured dollar Eurobond with a tenor of seven years.

Citi and VTB Capital are joint global coordinators and bookrunners. Alfa Bank, ING, JP Morgan and Sberbank are joint bookrunners, while Société Générale and ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial