Transaero to place Rb2.5b domestic bonds

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Transaero Airlines is to tap the domestic bond market with a 2.5 billion rubles ($76 million) bond issuance on the Moscow Interbank Currency Exchange (MICEX) next week.

The issuance, series BO-02 bonds, have a three-year maturity. Sberbank, IC Troika Dialog are the issue managers while Sberbank and Sberbank CIB are the bookrunners.

Transaero placed 3 billion rubles series BO-03 bonds at a 12% coupon rate in late October. The bonds have a five-year maturity.

The issuance is part of a 13.5 billion rubles domestic bond programme.