Russian Railways releases fair guidance for taps but tightening expected

Russian Railways has released price guidance for taps of the rouble and dollar bonds that the company placed earlier this year. Lead managers JP Morgan, Royal Bank of Scotland and VTB Capital also arranged the original notes — $1bn 5.7% March 2022s and Rb25bn 8.3% April 2019s.

  • 09 Oct 2012
Guidance for the dollar tranche was released at a yield of 4.15% area and for the rouble tranche at 8% area. The dollar note is expected to price later on Tuesday, and the rouble note before the end of this week, according to a syndicate official away from ...

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4 Barclays 61,975.62 275 4.42%
5 Goldman Sachs 53,073.36 263 3.78%

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5 Deutsche Bank 13,418.68 68 5.71%

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5 Goldman Sachs 2,523.29 20 5.55%

Bookrunners of Dollar Denominated HY Bonds

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1 JPMorgan 17,276.28 137 9.81%
2 Citi 16,735.42 132 9.50%
3 Bank of America Merrill Lynch 12,882.26 107 7.31%
4 Goldman Sachs 12,730.92 97 7.23%
5 Morgan Stanley 9,867.65 77 5.60%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 15,614.90 90 5.79%
2 SG Corporate & Investment Banking 14,023.73 67 5.20%
3 Barclays 13,806.00 59 5.12%
4 JPMorgan 13,521.34 60 5.02%
5 Citi 13,338.04 61 4.95%