Mikoyanovsky Meat-Processing Plant Closes Order Book for Bonds
OREANDA-NEWS. February 07, 2013. The order book was closed for the issue of three-year, series BO-01 bonds by CJSC Mikoyanovsky Meat-processing Plant valued at RUB 2 bln. The bonds have a put option of one-year from the beginning of the sale of the bonds.
The order book was opened on January 29, 2013, with coupon guidance falling between 12.50-13.50% annually. During book-building, the upper coupon range was lowered to 13% annually.
During the course of book-building, 32 investor bids were received with the coupon rate falling between 11-13% annually. Total demand for the series BO-01 bonds equaled RUB 4.5 bln.
Upon conclusion of book-building, the coupon rate for the series BO-01 bonds was set at 12.5% annually.
Taking into consideration the market situation, cost of placement, coupon rate and demand for the bonds, CJSC Mikoyanovsky Meat-processing Plant made the decision to accept 31 investor bids.
Settlements for the deal will take place on the MICEX stock exchange on February 1, 2013.
Arrangers: Sberbank CIB[1], Russian Agricultural Bank
Co-arranger: M2M Private Bank
[1] On the basis of CJSC “Sberbank CIB”
[2] provided by OJSC “Sberbank of Russia”
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