Siberian Coal Energy Company (SUEK) plans to accept bids for at least 10 billion rubles of 10-year exchange bonds on October 11, a banking source reported.
The first coupon guidance is set at 7.4-7.5% annually, which corresponds to a 7.54-7.64% annual yield to 4-year put.
The issue carries semiannual coupons.
The technical placement is scheduled for October 21.
VTB Capital, Gazprombank, Otkritie Financial Corporation (FC) Bank and Sovcombank will be the organizers. SUEK-Finance is the issuer. (Prime/Ukrainian metal)