Source: Kamaz raises offer of 3-year exchange bonds to 5 bln rbl - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

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)


16.10.2019 13:53
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