Demand for 5 bln rubles in ChTPZ bonds at final coupon rate tops 18 bln rubles
MOSCOW. Feb 9 (Interfax) - Demand for 5 billion rubles in series Bo-001P-02 exchange-traded bonds from Chelyabinsk Tube Rolling Plant (ChTPZ) at the final rate for the first coupon topped 18 billion rubles, the company said in a press release.
"During the book-building we received 45 orders from investors with overall demand exceeding 18 billion rubles," the company said.
Book building for the bonds took place on February 8. The guidance range for the first coupon was set at 9.95%-10.20% during premarketing, then narrowed three times during book building: first to 9.85%-10.00%, then to 9.80%-9.95% and finally to 9.80%-9.85%.
The final rate guidance was 9.85%, corresponding to a yield to maturity of 10.09% per annum, a premium to the federal loan bond (OFZ) yield curve of about 200 basis points.
The bonds will circulate for five years.
Technical placement is planned for February 16.
The bonds, each with par value 1,000 rubles, bear semiannual coupons.