News
29 May 2020
Eurasian Development Bank places RUB10bn bonds
Region:
Europe
The Eurasian Development Bank (EDB) has placed its Series 001P-07 bonds for a total of RUB10 billion on Moscow Exchange.
The order book was built on 20 May 2020. The investors include Russian public and private banks, management companies, and individuals. During the book-building process, the first coupon rate was lowered twice to 5.90% per annum, which is 18 basis points below the originally marketed benchmark of 6.08% per annum. The yield to maturity in four years is 6.03% per annum.
The arrangers of the issue are the Region Broker Company and the Credit Bank of Moscow.
The funds raised through the offering will finance the EDB’s general corporate purposes such as new projects.
