Closing of Order Book of Voronezh Region Govt Bonds
OREANDA-NEWS. December 14, 2012. On December 13, the order book for the issue of Voronezh Region government bonds with a nominal value of RUB 5 bln was closed. The bonds (government registration number RU34005VRO0 from December 11, 2012) have a fixed coupon rate and the principal will be amortized. The bonds mature after a period of five years (1825 days) from the date of issue.
The bonds will have an amortised repayment structure: 25% of their nominal value will be redeemed together with the payment of the seventh and ninth coupons, the issuer will redeem 15% on the date of payment of the eleventh and thirteenth coupons, and 10% will be redeemed on the date of payment of the seventeenth and twentieth coupons. Each bond has a nominal price of RUB 1,000.
The issuer has offered RUB 300 mln of bonds for placement. It plans to place the remaining part of the issue (RUB 4.7 bln) in 2013. The benchmark rate for the first coupon fell between 7.45 and 8.15% per annum, which corresponds to a redemption yield ranging from 8.6% to 9.35% per annum.
The issuer established the first coupon rate at 7,85% % per annum.
The technical conclusion of the purchase/sale agreements for the bonds will take place December 18, 2012, on the MICEX.
Sberbank CIB1 was the general agent of the placement.
Комментарии