New Issue: Russia’s State Transport Leasing prices $500 million 5.95% notes due 2021 at par

By Christine Van Dusen

Atlanta, July 13 – JSC State Transport Leasing Co. – via GTLK Europe Ltd. – priced $500 million five-year notes (expected ratings: Ba3//BB-) at par to yield 5.95% on Tuesday, a market source said.

JPMorgan, Renaissance Capital, UBS and VTB Capital were the bookrunners for the Regulation S deal.

Salekhard, Russia-based State Transport supplies machinery for the landscaping, aviation, water transport and rail industries.

Issuer:	GTLK Europe Ltd.
Amount:	$500 million
Maturity:	July 19, 2021
Description:	Senior notes
Bookrunners:	JPMorgan, Renaissance Capital, UBS, VTB Capital
Coupon:	5.95%
Price:	Par
Yield:	5.95%
Trade date:	July 12
Settlement date:	July 19
Expected ratings:	Moody's: Ba3
	Fitch: BB-
Distribution:	Regulation S

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