July 02, 2019 | Cbonds
|On July 4 from 11:00 (UTC+3) till 15:00 (UTC+3), "RUSAL Bratsk" plans to carry out the bookbuilding for the bonds series БО-001Р-02, according to the message of the arranger.|
The issued number will be at least 10 billion rubles. The nominal value of one security – 1000 rubles. Placement price – 100% of face value. The maturity of the bonds is 10 years. The placement will be held at a public floatation mode. The issue provides for an offer in 3.5 years. Coupon period is six months.
The benchmark for the coupon rate is set at 8.6-8.75% per annum, which corresponds to the effective yield to the offer at the level of 8.79-8.94% per annum.
The placement start date is July 11.
FK OTKRITIE Bank, BK REGION, VTB Capital, Gazprombank, Credit Bank of Moscow, Sberbank CIB are the arrangers of the placement. Gazprombank is the technical agent.
Secondary circulation – on the Moscow Exchange, the Second level of listing is planned.
The issue meets the requirements for investment of pension savings and insurance reserves, as well as requirments concerning inclusion in the Lombard list of the Central Bank.
Company: RUSAL Bratsk
|Full company name||PJSC RUSAL Bratsk Smelter|
|Country of risk||Russia|
|Country of registration||Russia|