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2012 August 28   09:04

TransContainer mulls floating $157m bond

Russian railway container transportation company TransContainer plans to float exchange-traded bonds worth up to RUB 5bn (approx. USD 157.18m), RBC reports.

TransContainer's board of directors is scheduled to consider on September 19 placing BO-01, BO-03 issues worth 3bn each (approx. USD 94.31m) and BO-02, BO-04 issues worth 5bn each (approx. USD 157.18m), the company said in a statement. One of these issues could be offered depending on the market situation, a spokesperson for the company commented.

Alfa Bank, VTB Capital and Raiffeisenbank are expected to become lead managers of the offering.

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