Source: Kamaz raises offer of 3-year exchange bonds to 5 bln rbl
MOSCOW, Oct 16 (PRIME) -- RussiaТs largest truck producer Kamaz has raised an offer of 3-year exchange bonds to 5 billion rubles from 3 billion rubles, and set a new guidance for the first couponТs rate of 7.75% annually, a banking source told PRIME on Wednesday.
The new guidance corresponds to a yield to maturity of 7.98% annually.
Initially, the company planned to place at least 3 billion rubles of bonds with the first coupon guidance of 7.75Ц8.00% annually, which corresponds to a yield of 7.98Ц8.25% annually to maturity.
The issue carries quarterly coupons.
Credit Bank of Moscow and Sovcombank act as the organizers of the placement.
(64.2548 rubles Ц U.S. $1)