Polyplast sells Series 02 bonds
March 15, 2011
Polyplast has sold Series 02 bonds in full today. The MICEX registered 42 transactions with the bonds. The issuer 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 sold 800,000 bonds maturing in 3 years. The bonds are guaranteed by OOO Polyplast Novomoskovsk, OOO Polyplst North-West, OOO Polyplast UralSib. The order book was open from 12:00 (Moscow time) February 17 till 17:00 (Moscow time) March 11. Orders were 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.
The syndicate included the following institutions:
Underwriters: Credit Bank of Moscow, NOMOS-Bank, BC Region.
Co-underwriters: Accept Bank, ZAO MAB, IC Center-Capital
Issue — Polyplast, 02
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —
Company — Polyplast
Full namePolyplast JSC
IndustryChemical and petrochemical industry