Vodokanal-Finance releases coupon guidance on Series 01 bonds
December 1, 2010
Vodokanal-Finance, a daughter company of Vodokanal of St. Petersburg, plans to print debut bonds. Coupon guidance is released between 8.4% and 8.9% equating to yield guidance at 8.58%-9.1%. The first coupon will be set based on bookbuilding results. All other coupons equate to coupon 1. The issue was registered by the FFMS on November 16, 2010. The issue was assigned state registration number 4-01-36398-R.
On September 15 Vodokanal-Finance approved a debut bond issue. The company plans to issue RUR2bn in Series 01 bonds maturing in 5 years. The issue will be sold through public offering.
The proceeds will be used for funding construction of a sewer line in the north of St. Petersburg. Vodokanal of St. Petersburg is the guarantor on the issue. The issue is expected to be printed in the first half of December.
Issue — VODOKANAL-FINANS, 01
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —
Company — VODOKANAL-FINANS