Published: October 26, 2012
Russian private rail company secures US$600mn in debut international deal.
Russia’s Brunswick Rail has secured US$600mn in a eurobond issuance.
The five-year paper, priced with a coupon of 6.5%, is the company’s debut deal in the global debt markets.
Investors include the European Bank for Reconstruction and Development (EBRD) and the World Bank’s IFC arm, both of which have invested US$25mn in the issuance. The proceeds will partially refinance existing loans made to Brunswick Rail by these institutions.
Brunswick Rail is one of Russia’s largest private rail operating lessors. Founded in 2004, it has a fleet of more than 22,000 railcars.