OREANDA-NEWS. November 02, 2012. Sviaz-Bank acted as one of the lead managers and an agent to offer Series BO-01 exchange-traded bonds issued by Akron OJSC at a par value of 5 billion rubles. The bonds were sold on the floor of the MICEX Stock Exchange, reported the press-centre of Sviaz-Bank. 

The book of applications for bond purchase was closed at 17:00 hours on October 12, 2012. The total demand for the exchange-traded bonds ran up to near 14.5 billion rubles as marketing went on. Investors filed 59 applications.

On October 12, 2012, Akron OJSC fixed the interest rate payable on the first coupon at 9.75% per annum. The interest rate payable on coupons 2 to 6 was identical to that payable on the first coupon.

Akron OJSC will use proceeds from the sale of its exchange-traded bonds to refinance its short-term debt instruments.

Bond issue lead managers: AKB Sviaz-Bank OJSC and VTB Capital CJSC.

Offering co-lead managers: Promsviazbank OJSC, Rosselkhozbank OJSC, VELES Capital Investment Company, LLC, Ron Invest LLC, Bank of Moscow OJSC, Capital Asset Management CJSC, Bank Credit Suisse (Moscow) CJSC, and NOMOS-BANK OJSC.

Underwriters of the issue: KIT Finance LLC, BANK ZENIT, Center Capital Investment Company, LLC, OTKRYTIYE Bank OJSC, and URALSIB Management Company.

Co-underwriters of the issue: AK BARS BANK OJSC, Moy Bank LLC, MTS-Bank OJSC, Pervobank OJSC, BINBANK OJSC, Kompania BKS LLC, Spektr Invest LLC, Uglemetbank OJSC, AKB EUROFINANCE MOSNARBANK OJSC, KB KOLTSO URALA LLC, and KB Natsinvestprombank (CJSC).