Order Book Closed for Purchase of Transneft Series BO-03 Bonds
OREANDA-NEWS. October 20, 2014. The order book was closed for the purchase of the series BO-03 bonds worth RUB 15 bln. The issue has a put option after 1.5 years. The rates for the 2nd and 3rd coupons are equal to the 1st coupon rate.
As a result of book building, the interest rate for the first coupon period of the bonds was set at 11.00% annually.
The demand for bonds was RUB 15.5 bln. Taking into account demand, the issuer decided to accept 31 investor bids.
The technical placement of the issue is planned for October 22, 2014 and will be a public offering on the MICEX Stock Exchange. Sberbank CIB1 is the underwriter.
Organisers: Sberbank CIB and GPB (OJSC).
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