RZD to place 15 bln rubles in bonds on Jun 15

Russian  Railways  (RZD)  (RTS: RZHD) plans to begin placement of a 16th series   of   bonds   totaling   15  billion  rubles  on  June  15, TransCreditBank  (RTS:  TCBN),  one  of  the  issue  organizers, said in materials. 

The bonds are for eight years with a planned two-year offer, RZD-Partner reports. They bear semiannual coupons.

The guidance for the first coupon is 14.25%-14.75% annually.