RAB takes 2018s to $1.3bn

By Steven Gilmore
19 Feb 2014

Russian Agricultural Bank took its July 2018 senior bonds to $1.3bn with a $500m increase on Tuesday, and priced the deal with a decent concession after attracting new buyers into the tap.

Bookrunners JP Morgan, Royal Bank of Scotland and VTB Capital set initial price thoughts in the 4.8% yield area, guidance at 4.7%-4.75% and priced the bond at 4.7%.

Before they opened books on the tap the bonds were trading around 4.6%, and so an initial 20bp concession had ...

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.