The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Awards

Deals of the Year 2012: Brunswick Rail

Brunswick Rail
Size $600 million five-year debut bond issue
Bookrunners Goldman Sachs, Raiffeisen Bank International, UBS, VTB Capital
return to the Emerging Europe Deals of the Year index

High-grade corporate borrowers also took advantage of strong external conditions to raise substantial chunks of funding at ultra-tight spreads, most notably in the case of Rosneft’s $3 billion dual-tranche market return in late November – but the deal that caught the eye towards the end of the year was October’s more modest $600 million five-year debut from double-B rated issuer Brunswick Rail.

Not only was the transaction one of a relatively small cohort of high-yield Russian bonds to make it to market in 2012, a year in which sub-investment-grade issuance fell to less than a fifth of the total, it was also the first ever from a railcar operating lessor from the country. Still more impressively, for a deal from a new and complex industry, it attracted intense interest from international investors across both the emerging markets and high-yield markets.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree