Commentary & Deal Flow

JSC SUEK, a Russian vertically integrated energy company operating in heat and power generation, coal and logistics businesses, rated Ba2 (stable) by Moody’s and BB (stable) by Fitch, has mandated Alfa Bank, BofA Securities, Bank of China, Citi, Commerzbank, Gazprombank, Renaissance Capital, SberCIB and VTB Capital as Joint Lead Managers and Joint Bookrunners to arrange a Global Investor Call at 2pm UKT / 9am ET / 4pm MSK on Sept. 2 as well as a series of group and individual fixed-income investor calls also commencing on Sept. 2. An inaugural US$-denominated benchmark RegS/144A senior unsecured guaranteed notes offering with a 5-year tenor will follow subject to market conditions. FCA/ICMA stabilisation applies