Polyplast sets coupon on Series 02 bonds

Polyplast has set the first coupon on Series 02 bonds at 12.25%. The coupon payment is RUR61.08 per bond. Coupons 2-3 equate to coupon 1. The issuer plans to sell Series 02 bonds on March 15, the company said in a statement. The issuer announced coupon guidance on the issue at 12.25% - 12.75% equating to yield at 12.63%-13.16%. The issuer is poised to sell 800,000 bonds maturing in 3 years. The issue will be placed through public offering at par. The bonds are guaranteed by OOO Polyplast Novomoskovsk, OOO Polyplst North-West, OOO Polyplast UralSib. The order book is open from 12:00 (Moscow time) February 17 till 17:00 (Moscow time) March 11. Orders are being collected by Promsvyazbank. The issue has a put option. Bonds should be submitted for buyback on the last 5 business days of coupon period 3. The settlement date is the 3rd business day of coupon period 4.

• Status
  redeemed
• Country of risk
  Russia
• Redemption (put/call option)
  *** (***)
• Amount
  800,000,000 RUB
• М/S&P/F
  — / — / —

• Full name
  Polyplast JSC
• Registration country
  Russia
• Industry
  Chemical and petrochemical industry