IDGC of Urals placed series BO-01 issue worth RUR 3 bln

IDGC of Urals completed the placement of series BO-01 issue of RUR 3 bln, the company said. The book on 3-year exchange bonds was closed on January 29. The book was opened on January 28 with a coupon guidance at 8.5% - 9% p.a. Keen interest in the debut issue of exchange bonds by IDGC of Urals lowering the initial guidance to 8.40%-8.45% p.a. before closing the book. During marketing investors submitted 22 bids with coupon rate ranging from 8.40% to 8.75% p.a. Aggregate demand for the issue amounted to RUR 6.7 bln: the book was closed with 2-fold oversubscription. Thanks to the high demand, the coupon rate was set at 8.40% p.a. Given the market conditions, offering price, coupon rate, and existing demand for the bonds, the company decided to meet 12 investor bids. Technical placement on MICEX is scheduled for January 31, 2013. Arrangers are Sberbank CIB [1], VTB Capital. Underwriters: RONIN. Technical Underwriter: Sberbank CIB.

• Status
  redeemed
• Country of risk
  Russia
• Redemption (put/call option)
  *** (***)
• Amount
  3,000,000,000 RUB
• М/S&P/F
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