OREANDA-NEWS. Moscow Exchange included documentary interest-bearing non-convertible UTair-Finance bonds of BO-11, BO-12 and BO-13 series issued on December 5, 2011 in their own A1 quotation list.

The A1 quotation list includes securities meeting the highest requirements of the Stock Exchange in regard to liquidity, capitalization, company's reliability and quality of its corporate governance.

The inclusion of UTair-Finance bonds in the A1 quotation list will increase the liquidity of the bonds through expanding the base of potential investors, including Russian non-state pension funds, insurance and holding companies. Bonds of BO-11, BO-12 and BO-13 series have a total nominal value of 4.5 bln rubles and were placed on the Moscow Central Stock Exchange on June 21, 2013. The bonds are available by public subscription in the form of book building. UTair Aviation acts as the underwriter for the loan.

The bonds have a circulation term of 3 years with a coupon period of 91 days. Securities are placed with an annual offer and an annual coupon rate of 12%. Sponsors of the issue are BC Region, Russian Agricultural Bank, PSB, NOTA-Bank, NOMOS-BANK, and Open Bank.

UTair Finance is an active player of the bond market. Currently UTair Finance has 13 bond issues with a total nominal value of 19 bln rubles in circulation.

UTair Financeis a UTair Aviation subsidiary founded to develop and implement investment programs for UTair Aviation, its bound issue guarantor. The company has an A+ credit rating (very high credit quality) according to the rating agency Expert RA.

UTair Aviation ranks among the top three Russian airlines. In 2012 UTair aircraft transported 8,582,681 passengers. The airline operates more than 200 fixed wing aircraft and performs more than 300 daily flights to 110 destinations. The airline maintains its central hub at Vnukovo International Airport (Moscow).