Rate of First Coupon for Omsk's Debut Bond Issue Set at 13.06%
OREANDA-NEWS. The order book was closed for the purchase of Omsk's debut bond issue (government registration number of the issue is RU34001OMK1) worth RUB 1 bln. The bonds have a 3-year maturity period.
The 1st coupon rate was set at 13.06% annually, which corresponds to a yield to maturity of 13.71% annually.
The issue has quarterly coupon payments. The rates for coupons 2-12 are equal to the 1st coupon rate. The bonds have an amortised repayment structure: 30% of their nominal value will be redeemed on the dates of payment of the 4th and 8th coupons, and 40% - on the date of payment of the 12th coupon. The nominal value of one bond is equal to 1,000 roubles.
The issuer decided to accept bids to a total of RUB 400 mln.
The technical placement of the issue is planned for December 3, 2014 and will be a public offering on the MICEX Stock Exchange. The placement was organised by Sberbank CIB and VTB Capital.
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