30 Mar 2011 19:07

UTair's places 3 bln rubles in bonds

MOSCOW. March 30 (Interfax) - LLC UTair-Finance, OJSC UTair Airlines' SPV company, has placed exchange bond series BO-04 and BO-05 each worth 1.5 billion rubles, the company said in a statement.

The rate for the first coupon was set at 9% through book building. The applications were accepted by Region, Promsvyazbank , Petrocommerce Bank and Otkritie Bank from March 21 and 28.

Demand was more than 6.2 billion rubles, Promsvyazbank said. It said 42 bids were made at 8.5%-9.3%.

Each issue has 12 quarterly coupons. The face value for one bond comes to 1,000 rubles.

According to unofficial reports, companies affiliated with Surgutneftegas own 75.64% in the airline.