NWCC LLC Announces Closure of Book for Accepting Applications
OREANDA-NEWS. October 17, 2011. The book for accepting applications for acquisition of NWCC LLC series 03 bonds with a nominal value of R5 bln and series 04 bonds with a nominal value of R5 bln was closed. The bonds will reach maturity 20 years after the date of placement.
The series 03 and series 04 bonds elicited eight investor bids with first coupon rates ranging from 10.00% to 11.15% per annum. Total demand for series 03 and 04 bonds during book building equalled R13,606 mln.
Following completion of book building, the coupon rate on the series 03 and series 04 bonds was set at 11.5% per annum.
The series 03 and series 04 bonds have a variable coupon, which is determined every 6 months and depends on the dynamics of the consumer prices index.
Taking into account the market situation, the prices of placement, coupon rate on the bonds and demand, NWCC LLC decided to accept eight investor bids for the series 03 and series 04 bonds.
Settlements under the deal will take place upon bond placement on the MICEX on October 21, 2011.
Placement organisers – Troika Dialog, VEB Capital.
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