Price of Additional Placement of Tomsk Region's Bond Issue is 87.73%
OREANDA-NEWS. The order book was closed for the purchase of the Tomsk Region's series 34048 bond issue (government registration number of the issue is RU34048TMS0) worth RUB 1.5 bln (30% of the issue with a nominal value of RUB 5 bln). The maturity of the bonds is 3.7 years after the additional placement date.
The additional placement of the bonds will take place on April 2, 2015. The guidance range for the placement was set at 83.68-85.26% of the nominal, which is equal to a yield to maturity of 18-17% per annum, and was lowered three times.
During book building investors submitted more than 30 bids. Demand amounted to more than RUB 9 bln. The issuer decided to set the placement price at 87.73% of the nominal, which is equal to a yield to maturity of 15.50% per annum.
The issue has an amortised repayment structure: 20% of their nominal value will be redeemed on the payment of the 8th coupon, 10% on the date of payment of the 12th coupon, 20% on the date of payment of the 14th coupon, 50% on the date of payment of the 20th coupon. Each bond has a nominal price of RUB 1,000.
The technical placement of the issue is planned for April 2, 2015 and will be a public offering on the MICEX Stock Exchange.
The placement was organised by Sberbank CIB, VTB Capital and Gazprombank.
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