UTair-Finance to hold book building for BO-09 and BO-10 bonds on Nov 7-14
MOSCOW. Oct 30 (Interfax) - LLC UTair-Finance plans to hold book building for exchange bond issues BO-09 and BO-10 worth a combined 3 billion rubles between November 7 and 14, Promsvyazbank , one of the organizers along with BK Region, Petrocommerce Bank and Ursa Capital, said in a statement.
The technical placement for the three-year issues by open subscription on the MICEX is slated for November 16.
The first coupon guidance was set at 11.25%-11.75%, which corresponds to a yield on a yearly offer of 11.74%-12.28%. Coupons two through four carry the first coupon's rate.
The bonds have quarterly coupon payouts.
Each exchange bond issue comes to 1.5 billion rubles at a face value of 1,000 rubles each.
The company already had plans to place these issues in August but the timeframe was changed.
The MICEX decided to allow UTair-Finance's exchange bond issues BO-06 through BO-16 worth a combined 16 billion rubles for trading during placements in December 2011.
UTair is one of the leading airlines in Russia and one of the world's leading helicopter operators.
