06.05.2016, 09:49
First Coupon for MegaFon's Three-Year Bonds Set at 9.95%
OREANDA-NEWS. The order book was closed for MegaFon PJSC's series BO-001P-01 three-year bonds worth RUB 10 bln, which are placed under the programme 4-00822-J-001P-02E. Each bond has a nominal price of RUB 1,000. The placement price is 100% of the nominal. The bonds have a semi-annual coupon (182 days). The rates for coupons 2-6 are equal to that of first coupon.
The initial guidance for the first coupon was set at 10.2-10.4% per annum, which corresponds to a yield to maturity of 10.46-10.67% per annum. During book building the guidance was lowered to 10-10.2% per annum (yield of 10.25-10.46% per annum) and then to 9.95-10.1% per annum (yield of 10.2-10.36%), and then narrowed to 9.95-10% (yield of 10.2-10.25%).
During marketing overall demand for the bonds exceeded RUB 30 bln. Following book building the first coupon was set at 9.95% per annum, which corresponds to a yield to maturity of 10.2% per annum.
The technical placement of the issue is planned for May 12, 2016. The placement was organised by Sberbank CIB, Gazprombank, Raiffeisenbank and Unicredit Bank.
MegaFon made its last bond placement in October last year, when the issuer placed exchange-traded bonds worth RUB 15 bln with a first coupon of 11.4%.
MegaFon currently has four issues of bonds in circulation: one exchange-traded bond worth RUB 15 bln and three classic bonds worth RUB 30 bln.
The initial guidance for the first coupon was set at 10.2-10.4% per annum, which corresponds to a yield to maturity of 10.46-10.67% per annum. During book building the guidance was lowered to 10-10.2% per annum (yield of 10.25-10.46% per annum) and then to 9.95-10.1% per annum (yield of 10.2-10.36%), and then narrowed to 9.95-10% (yield of 10.2-10.25%).
During marketing overall demand for the bonds exceeded RUB 30 bln. Following book building the first coupon was set at 9.95% per annum, which corresponds to a yield to maturity of 10.2% per annum.
The technical placement of the issue is planned for May 12, 2016. The placement was organised by Sberbank CIB, Gazprombank, Raiffeisenbank and Unicredit Bank.
MegaFon made its last bond placement in October last year, when the issuer placed exchange-traded bonds worth RUB 15 bln with a first coupon of 11.4%.
MegaFon currently has four issues of bonds in circulation: one exchange-traded bond worth RUB 15 bln and three classic bonds worth RUB 30 bln.
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