Natixis active bookrunner of the first Russian Railways bond in euro
Natixis acted* as bookrunner for the successful placement of the inaugural RZD bond in euro. Russian Railways is one the world’s leading railway companies, owning 85,200 km or rail network with 1.2 million employees. The company is owned by the Russian Federation and has just taken over the French logistics company Gefco.
Initially launched at EUR 800m the transaction was particularly welcomed by investors and finally closed at EUR 1bn. Most of the investors are well-known European asset managers.
The final pricing was at the very tight end of the price guidance with 3.374% coupon and represents a new benchmark for Russian corporate issuers.
This was one of the first issues handled by Natixis for a Russian issuer and it is now considered a good market reference.
The transaction is the result of close cooperation between the Debt Platform, International Corporate Coverage and Natixis Moscow subsidiary and strengthens Natixis’ position on the international corporate primary bond market
Contact
Vanessa Stephan
Global Head of External Communication at Natixis CIB, Groupe BPCE
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