By Susanna Moon
Chicago, March 16 - Metalloinvest said it priced its RUB 15 billion of 10-year debut non-convertible interest-bearing documentary bonds, series 1 and 5, with a coupon of 9%.
The bonds priced below the announced price range of 9½% to 10%, according to a company press release.
The notes are putable in three years.
Russian and international investors placed 98 orders totaling RUB 48 billion, which puts the books oversubscribed at 3.2 times, the release said.
Settlement will take place Monday upon bond placement on Micex. Secondary trading is expected to begin on April 12.
Troika Dialog and VTB Capital are the lead managers and bookrunners.
The issuer is a Moscow-based mining and metallurgy company.
| Issuer: | Metalloinvest
|
| Securities: | Notes
|
| Amount: | RUB 15 billion
|
| Maturity: | 10 years
|
| Coupon: | 9%
|
| Put option: | After three years
|
| Bookrunners: | Troika Dialog and VTB Capital
|
| Trade date: | March 15
|
| Settlement date: | March 19
|
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