Published: April 6, 2011
Proceeds from bond issuance will refinance existing debt.
Russian Post, Russia’s state-owned postal service, has raised RUB7bn (US$248mn) through a bond issuance.
The company will use the proceeds to pay off debt.
The order book for the five-year bonds was 6.5 times oversubscribed, totalling RUB46.73bn. Raiffeisenbank and JSC AKB Svyaz'-Bank arranged the deal.