will collect bids for the series 001Р-02 on September 12th, Tuesday, from 11:00 to 17:00 (MSK), a bank-arranger informs in its materials for the placement.
The issue is placed within the program of exchange-traded bonds 4-17644-J-001P-02E dated April 29, 2016.
Placement start date - August 30.
The issue volume is 5 billion rubles; the principal value of one security is $ 1,000. The circulation period is 5 years (1,820 days). The coupon period is 3 months (91 days). Offer is not provided.
The indicative rate of the coupon is 9.4-9.65% per annum (yield to maturity - 9.74-10.01% per annum).
The issue provides for amortization: 11% of the principal value on the date of payment of the 12-19th coupons; 12% of the principal value - on the date of payment of the 20th coupon.
The preliminary start date of placement is September 15th.
The arrangers are Alfa-Bank (technical underwriter), Raiffeisenbank, Russian Agricultural Bank, Sovcombank.
LenSpetsSMU Group (member of Etalon Group) is one of Russia’s largest and oldest homebuilders which have been operating since 1987. The Group was initially formed in 1987 by the Soviet Ministry of Electronics as a Special Construction and Maintenance Directorate of “Soyuselectronstroy”. In 1991, the Directorate separated from the association and was reorganized into PCE “LenSpetsSMU” which became CJSC LenSpetsSMU (Closed Joint Stock Company Specialized Construction and Assembly Association “LenSpetsSMU”) in 1995.
A vertically-integrated developer, LenSpetsSMU Group is equipped to manage the full cycle of the development and construction process from obtaining the permissions and design works to construction, sales, and ongoing maintenance.
Etalon Group successfully completed an IPO on the London Stock Exchange’s main market in April 2011, raising $575 million and becoming the first real estate company from Russia to go public since 2007.