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Commentary & Deal Flow

EM LAUNCHED: Bank RBK US$300m 5yr Sr Unsec; 8%

HYC European Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

Price

Yield

IPT-PXD

Bank RBK

5yr

19-May-31

US$300m

Sr Unsec

Fixed

100

8%

0


Launched: 5yr: US$300m @ 8% - Books > US$425m (excl. JLM int)

IPTs: 5yr: 8%a


  • Issuer: Bank RBK JSC
  • Issuer Ratings: Ba2/BB (Moody's/Fitch)
  • Expected Issue Ratings: Ba3/BB (Moody's/Fitch)
  • Status: Senior Unsecured Offering
  • Format: Reg S / 144A
  • Size: US$300m
  • Coupon: Fixed, payable semi-annually in arrears, 30/360
  • Currency: US$
  • Tenor: 5 years
  • Launched Yield: 8%
  • Settlement Date: 12-May-26
  • Maturity: 19-May-31
  • Books Subject: 15.30 UKT / 10.30 EST
  • Listing: Vienna MTF, AIX
  • Governing Law: English Law
  • Use of Proceeds: The net proceeds will be used by the Issuer for general corporate purposes
  • Clearing: Euroclear, Clearstream and DTC
  • Denominations: US$200k x US$1k
  • Joint Lead Managers and Joint Bookrunners: Citi (B&D), J.P. Morgan
  • Kazakhstan Manager: Teniz Capital
  • ISIN: XS3349840283 / US06452PAA21
  • Common Code: 334984028 / 334204995
  • Stabilisation: FCA/ICMA Stabilisation applies