RZD successfully completed two offerings of USD and RUB Eurobonds as part of its 2017 debt strategy. The order book for the USD-denominated 7-year Eurobond worth USD 500 million was three times oversubscribed. The final geographic split of securities’ allocations has been balanced traditionally between international and Russian investors, with the UK and Europe accounting for 41%, Russia 31%, Asia and the Middle East 13%, and the rest of the world 15%. The proceeds will be used to partially refinance the company’s debut Eurobond issued in 2010 and maturing in late March 2017. Part of the debut Eurobond was already repaid in October 2016.
The order book for the RUB-denominated 7-year Eurobond worth RUB 15 billion (244.3 million euros) reached a total order book size exceeding RUB 35 billion (570 million euros). International investment funds accounted for nearly 70%, with 33% of the book allocated to investors from Asia.
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