On 20 October 2016, the order book was closed for 3-year non-convertible interest-bearing certificated exchange-traded bonds in bearer form issued within the 001P-01R bond series by SUEK-Finance LLC (100% owned by SUEK JSC) for a total amount of RUB 8 billion with a face value of RUB 1,000 per bond, and a coupon period of 182 days.
The initial target range of the 1st coupon rate was 10.3-10.6% per annum. As a result of the significant interest demonstrated by investors towards the bond issue, the total order book exceeded the initial placement volume by 2.2 times, which enabled the Company to decrease the final coupon rate to 10.5% and increase the placement amount to RUB 8 billion.
The technical bond placement is scheduled for 26 October on the Moscow Exchange.
Sberbank CIB, VTB Capital, Rosbank and UniCredit Bank acted as arrangers of the placement, with Sberbank CIB also acting as the placement agent.
Moody’s rated the new bond issue Ba3 in line with SUEK’s corporate rating.