Published on 10/25/2012 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.
New Issue: Russia's Brunswick Rail prices $600 million 6½% notes due 2017 at par
By Christine Van Dusen
Atlanta, Oct. 25 - Russia's Brunswick Rail Finance priced $600 million five-year notes (Ba3/BB-/) at par to yield 6½%, a market source said.
The notes were talked at a yield in the 6 5/8% area.
Goldman Sachs, RBI, UBS and VTB Capital were the bookrunners for the Rule 144A and Regulation S deal.
Brunswick Rail is a railcar operating lessor based in Moscow.
| Issuer: | Brunswick Rail Finance Ltd.
|
| Amount: | $600 million
|
| Maturity: | Nov. 1, 2017
|
| Description: | Notes
|
| Bookrunners: | Goldman Sachs, Raiffeisen Bank, UBS, VTB Capital
|
| Coupon: | 6½%
|
| Price: | Par
|
| Yield: | 6½%
|
| Trade date: | Oct. 25
|
| Settlement date: | Nov. 1
|
| Ratings: | Moody's: Ba3
|
| Standard & Poor's: BB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 6 5/8% area
|
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