OREANDA-NEWS. The MICEX Stock Exchange has ranked UTair Finance interest-bearing non-convertible secured documentary bonds, issue series BO-09 and BO-10 December 5, 2011, on their A Level 1 Quotation list.

The A Level 1 Quotation List includes securities from issuers meeting the highest requirements of the stock exchange in the areas of liquidity, market capitalization, reliability of business and quality of corporate management. In addition, such securities should have a monthly trading volume in excess of RUR 10 million for a period of no less than 3 months.

Including UTair Finance bonds on the quotation list will increase liquidity by expanding the range of prospective investors such as Russian non-governmental pension funds, management companies and insurance companies. The bond series BO-09 and BO-10 totaling RUR 3 billion, were placed on the MICEX Stock Exchange on November 16, 2012 as a public subscription in the form of book building. The loan was led by UTair Aviation. Maturity of the bond issue was set at 3 years, with a coupon period of 91 days. The securities were placed with a coupon level at 11.75% per annum. The organizers of the issue arePromsvyazbank, BK Region, Petrokommerz Bank and Ursa Capital.

UTair Finance is an active participant on the bond market. Today UTair Finance has 12 bond issues totaling RUR 17.5 billion par value in circulation.

UTair-Finance is a subsidiary of UTair Aviation. UTair Finance was created in order to develop and implement investment activity for the parent company. The company has an A+ credit rating reflecting its 'very high level of credit worthiness,' from Russian ratings agency Expert RA.