27 Apr 2010 17:28

Synterra preparing two exchange bond issues totaling 7 bln rubles

MOSCOW. April 27 (Interfax) - Synterra plans to place two series of exchange bonds totaling 7 billion rubles: Series BO-01 for 5 billion rubles and BO-02 for 2 billion rubles.

The bonds will be sold in a public placement on MICEX. They will circulate for three years. An offer for early redemption of the bonds at par is possible.

Series BO-01 consists of amortization bonds: 25% of par will be repaid after two years and after two and a half years and the remaining 50% will be repaid on the maturity date.

The company currently has a debut issue of bonds in circulation totaling 3 billion rubles. Those bonds mature in August 2013.