Sovcomflot Ready to Buy Back up to $400 Mln of Eurobond-2023

Russia's biggest shipping company Sovcomflot says, according to Interfax news agency:

The company is ready to buy back up to $400 million of Eurobond-2023, to finance it via new issue;

The offer price is $1,072.25 per paper of a nominal price of $1,000;

Sovcomflot plans to issue 7-year Eurobond, will hold calls with investors starting from April 14, Interfax cites a source.

(Reporting by Moscow Newsroom)