09.10.2015, 21:16
Otkritie FC Bank Acted as the General Agent for a RUB 5 Billion Government Bond Issue of the Volgograd Region
OREANDA-NEWS. Yesterday, a 2015 issue of the Volgograd Region government bonds was placed at MICEX under state registration number RU35006VLO0 (the “Bonds”). The Bonds issue worth RUB 5 billion has been distributed in full with total demand exceeding RUB 12 billion. The high demand from investors during the book building allowed the Issuer to cut the first-coupon guidance rate several times, originally set at 13.50–13.80% p.a. (with yield to maturity equal to 13.86–14.19% p.a.). During the book building, the guidance rate was first reduced to 13.20–13.50% p.a. (with yield t maturity equal to 13.53-13.86% p.a.) while the final guidance did not exceed 13.20% p.a. (with yield to maturity equal to no more than 13.53% p.a.). Based on the auction results, the Finance Committee of the Volgograd Region set the first coupon rate at 12.74% p.a. (yielding 13.03% p.a.). The Bonds bear a total of 20 coupons. The coupon period is 121 days for the first coupon and 91 days for the rest of the coupons. The coupon rate for coupons 2–4 is the same as for the first coupon, the rate for coupons 5–8 is equal to the first-coupon rate less 0.25% p.a., the rate for coupons 9–12 is equal to the first-coupon rate less 0.5% p.a., the rate for coupons 13–16 is equal to the first-coupon rate less 0.75% p.a., and the rate for coupons 17-20 is equal to the first-coupon rate less 1% p.a. The Bonds will be redeemed by amortised parts on the payment days of coupons 4, 7, and 8 (10% of par), and on the payment days of coupons 12, 15, 16 and 19 (15% of par). The General Agent for the issue is Otkritie FC Bank. The deal was arranged by Otkritie FC Bank, Sberbank CIB, ROSBANK, VTB Capital, Sovcombank and ATON.
Комментарии