Leader-Invest sets 4 bln rbl bond guidance at 11.7% – PRIME
February 12, 2018 Prime
Russian real estate developer Leader-Invest, part of multi-industry holding Sistema, has set the final guidance for the first coupon of a 4 billion ruble 5-year exchange bonds at 11.70% annually, a banking source told PRIME on Monday.
The guidance corresponds to a 12.04% annual yield to a 3-year put. The initial yield guidance was defined at 11.70% annually.
The issue carries semiannual coupons. The technical placement is scheduled for February 21.
BCS Global Markets, Bank Otkritie Financial Corporation, Sovcombank, and Sviaz-Bank act as organizers of the placement, while MTS-Bank and East West United Bank act as co-organizers.
Issue — Lider-Invest, BO-P02
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —
Company — Lider-Invest
Full nameJSC "Lider-Invest"
IndustryConstruction and development