"Russian Post places 7 billion ruble bonds"

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Russian Post Issues 7 Billion Rubles in Bonds

Russian Post, the national postal service of Russia, has successfully issued 7 billion rubles worth of exchange-traded bonds (series 003P-07) at face value.

The bonds were privately placed among qualified investors, with a total of 7 million bonds issued, each with a face value of 1,000 rubles. The bonds have a ten-year maturity period and include a two-year put option. The coupon period is set at 30 days.

The coupon rate until the put option is set at 16.95% per annum, based on the final order book. Initially, the coupon rate guidance was set at no higher than 17.30% per annum.

The placement was organized by Alfa-Bank, VTB Capital Trading, Gazprombank, MKB, Sovcombank, Sber CIB, and T-Bank. VTB Capital Trading acted as the placement agent.

An overview of the issue was presented by Alexei Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the Higher School of Management at the Financial University under the Government of the Russian Federation.