Kuibyshevazot-Invest sells Series 04 bonds
April 15, 2011
Kuibyshevazot-Invest sold Series 04 bonds on April 14. The issuer set the first coupon on Series 04 bonds at 8.6% based on bookbuilding results. Prior to closing the order book the issuer slashed coupon guidance to 8.6%-8.8% from 8.75%-9%.
The order book was opened at 12:00 on April 4 and closed at 17:00 on April 12, 2011. NOMOS-Bank collected orders. Investors placed 37 orders worth RUR6.15bn during the bookbuilding stage suggesting coupons between 8.5% and 8.8%. The order book was more than 3 times oversubscribed.
The issuer sold 2 million bonds through public offering. The RUR2bn issue matures in 5 years. The issue has a 3-year put option.
The syndicate included the following institutions:
Co-arranger: Rossiya Bank;
Underwriters: Ak Bars Bank, BFA, Globexbank, Gazbank, IC Capital, Zenit Bank, BC Region, Promsvyazbank, ZAO Raiffeisenbank, Otkritie Bank;
Co-underwriters: Eurofinance Mosnarbank, Novikombank, Pervobank, IC Piter Trust, RIK-Finance, Sberbank, Spektr-Invest.
Issue — Kuibyshevazot-invest, 04
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —
Company — Kuibyshevazot-invest
Full nameLLC Kuibyshevazot-invest
IndustryChemical and petrochemical industry