Demand for AHML Series A19 Corporate Bonds Exceeds Supply
OREANDA-NEWS. April 19, 2011. The order book was closed on AHML's A19 corporate bond issue with government backing, nominal value of R6 bln and maturity in 2024 (20% of the issue's nominal value on 15.11.2021; 20% on 15.11.2022; 20% on 15.11.2023; and 40% on 15.11.2024). The terms of the placement call for a put option four years from the date of placement.
Over the course of book building, investors submitted 44 bids with coupon rates ranging from 7.6% to 8.0% annually. Overall demand totaled R16.5 bln.
AHML has set the coupon rate on the series A19 bonds at 7.7% annually. With consideration for the market situation, cost of placement, coupon rate and elicited demand, AHML has decided to satisfy 32 investor bids.
Settlements under the deal will take place upon bond placement on the MICEX on April 19, 2011.
Placement organizers – VTB Capital, Troika Dialog.
Technical underwriter – TransCreditBank.
For further information please contact:
AHML Press Department
tel. (495) 775-47-40, e-mail: pr@ahml.ru
117418, Moscow, ul. Novocheremushkinskaya, 69-B
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