Final coupon guidance for 2 bln rubles in KamAZ's 3rd exchange bond series 10.5%
MOSCOW. Oct 1 (Interfax) - Russian truck manufacturer OJSC KamAZ has set the final first coupon guidance for 2 billion rubles worth of its BO-03 exchange bonds at 10.5% per annum, VTB Capital, the organizer of the deal, reported in its placement materials.
This guidance corresponds to yield to maturity of 10.78%.
At the opening of book building, guidance for the first coupon was set at 10.25%-10.75% per annum, which corresponds to yield to maturity of 10.51%-11.04%.
Applications will be accepted until 5:00 p.m. Moscow time on October 1. Technical placement of the three-year bonds under open subscription on the MICEX is tentatively planned for October 4.
Last November the MICEX permitted the placement of six KamAZ exchange bond issues, worth a combined 15 billion rubles.
At present, KamAZ has its first and second exchange bond issues in circulation, worth a total of 5 billion rubles.
KamAZ is the largest automotive corporation in Russia, with charter capital of 35.36 billion rubles. The Russian government and commercial banks own the largest stakes in the company.
