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The first coupon rate of Metalloinvest Series BO-01 bonds is set at 11.85% p.a.

October 30, 2015 | Cbonds

Metalloinvest set the first coupon rate of Series BO-01 bonds at 11.85% p.a. (or 59.09 rubles per bond), the issuer reports. The first coupon revenue is RUR 590.9 mln. Metalloinvest starts the placement of Series BO-01 bonds on Tuesday, November 3. Metalloinvest held book-building for Series BO-01 bonds from 11:00 (MSK) to 12:00 (MSK) yesterday, on October 29. The face issue volume is RUR 10 bln. The issue tenor is 10 years (3 640 days) from the date of placement, with a 6-yr. put option. The rates of 2-12 coupons are equal to the first coupon one. The face value is 1000 rubles per bond. The placement price is 100% of par. The bonds will be sold via public offering. The parameters of exchange bond placement reserve the right of the company for a call option in 4 years (at the end of the 8th coupon period). In this case, the bonds are redeemed at the price of 100.5% of par. The arranger is Gazprombank. “After the buyback of ruble bonds in March 2015 for the amount of RUR 25 bln, we were interested in reducing the share of currency commitments in our debt’s structure. Comfortable market situation since the beginning of autumn allowed us to attract long-term financing”, – Pavel Mitrofanov, Deputy CEO – Chief Financial Officer of the Company commented.

Issue: HC Metalloinvest, BO-01

StatusCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
early redeemedRussia10/21/202510,000,000,000 RUB-/-/-

Company: Metalloinvest

Full company nameMETALLOINVEST
Country of riskRussia
IndustryMining industry


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