Freight One succeeds placing second bond issue worth rub 10 bln
The bond issue circulation period is 10 years, the offering date is 3.5 years after placement.
Investors made 16 bids during the book building. The total book demand exceeded Rub 13 bln, allowing the Company to increase the amount of placement from Rub 5 to 10 bln. Book building was closed at the rate of 12.70 percent per annum.
Technical placement of the issue is scheduled to be held on the MICEX Stock Exchange on October 15, 2015.
The bond issue was organized by VTB Capital, Gazprombank, Rosbank, Sberbank CIB, and Sovcombank. Septem Capital served as the co-organizer, and Gazprombank as the placement agent.
By closing the deal Freight One continued its record of borrowing in the bond market, now increasing the term and amount of borrowing.
"Thanks to successful placements in September and October, Freight One has significantly reduced its refinancing needs, thus cutting by half the amount of repayment due in 2016. We are grateful to the investor community for their trust, and we thank the organizer banks for their qualified and well-coordinated work," said Sergey Karataev, Chief Financial Officer of Freight One, commenting on the placement results.
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