OREANDA-NEWS. September 24, 2015. Joint Stock Company Freight One (Freight One) successfully placed its debut bond series 01 issue worth Rub 5 bln in nominal value. The bond issue circulation period is 10 years, the offering date is 3 years after placement.

The initial benchmark coupon rate was set at 12.75?13.15 percent per annum. The investors showed a remarkable interest in Freight One bonds, allowing to narrow down the range, and then reduce it to 12.70?12.85 percent per annum. Book building was finished at the lower end of the final range, at the rate of 12.70 percent per annum.

The total book demand reached Rub 13 bln. The issue had first class distribution among a wide range of market investors.

The bond issue was organized by VTB Capital, Gazprombank, Rosbank, and Sberbank CIB. Gazprombank served as the placement agent.

Technical placement of the issue is scheduled to be held on the MICEX Stock Exchange on September 29, 2015.

"The bonds placement is another important step towards diversification of funding sources for the Company. We are grateful to the investment community for the trust in Freight One and attention they paid to this placement, which is an example of smooth and effective work of the borrower and organizer banks teams", said Sergey Karataev, Chief Financial Officer of Freight One, commenting on the occasion.