The EDB co-arranges a bond issue for the first time and intends to offer Russian companies’ securities to EAEU investors
Moscow, 8 February 2021. The Eurasian Development Bank (EDB) co-arranged a bond issue by Russian Railways (Russia). The order book totalling RUB 20 billion opened on 29 January 2021 with an initial coupon benchmark of 6.85 to 6.95 per cent per annum. Investor interest allowed the issuer to set the coupon at the lower end of the marketable range, at 6.85% per annum, which corresponds to a yield to maturity of 6.97% per annum. The bonds will mature in 6.3 years.
The transaction was settled today, 8 February 2021, on the Moscow Exchange.
The depository is the National Settlement Depository.
The other arrangers are VTB Capital, Otkritie Bank, the Region Broker Company, the Credit Bank of Moscow, and Sberbank CIB.
“The EDB’s participation in the Russian Railways’ bond placement as co-arranger is a debut for the Bank. The EDB’s presence in such transactions contributes to the further integration of the financial markets of our member countries as the Bank is now in a position to offer Russian companies’ bonds to investors in the EAEU countries. The EDB therefore plans to significantly expand its work in this area,” said Nikolai Podguzov, Chairman of the EDB Management Board.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia, and Tajikistan. The EDB's charter capital totals US $7 billion. The Bank was established in January 2006 by Russia and Kazakhstan and is headquartered in Almaty. Transport infrastructure, energy, chemical, mining, and mechanical engineering projects with a high integration effect account for the main part of the EDB’s portfolio.
The EDB Media Centre:
Alexander Savelyev +7 (985) 765 23 59 (Moscow)
Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)
Sergey Gorbachev +7 (916) 727 22 00 (Moscow)