print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all MMK press releases

MMK

July 14, 2011

MMK announces the results of its RUR 5 bln bonds placement at MICEX

On July 14, 2011 MMK placed its RUR 5 bln bonds (series ÁÎ-06) with the maturity period of 1092 days (3 years). The offer for the issue is not provided. The issue is included in the list “Á” at MICEX.

The total value of demand from investors equaled to RUR 14.4 bln which translates into more than 2.9x oversubscription. The first coupon rate was set based on the results of a coupon rate tender held at MICEX. 115 bids were sent for the tender with coupon rate varying from 6.80 to 7.65%. As the result the annual coupon rate was set at 7.20%, which is 0.25% below of the bottom of the earlier announced price range – 7.45-7.65%. The rate of the second-third-fourth-fifth-sixth coupon equals the first coupon rate. The overall number of bids was 43. The rate is the lowest among other issuers of rouble bonds in the sector issued in 2011, and is at the minimal historical level among all MMK bonds issues with the same duration on Russian debt market.
This bond issue was placed in line with the strategy of long-term financing rising for MMK’s investment programme realization. The programme aims at organic growth of the company and increase of HVA products share in the production portfolio.
The managers of the placement are OAO “URALSIB”, OAO “Sviaz Bank” and Investment Company RFC 

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer