MOSCOW, Jul 2 (PRIME) -- Russia’s largest truck producer Kamaz has set the final guidance for the first coupon of 3 billion ruble 3-year exchange bonds at 8.50% annually, a banking source told PRIME on Tuesday.
The initial guidance was set at 8.50–8.65% annually, which corresponds to an 8.77–8.94% annual yield.
The issue carries quarterly coupons, and Kamaz will redeem the bonds through partial amortizations of the principal debt. The technical placement will be done until July 12.
Credit Bank of Moscow and Sovcombank act as the organizers.
(63.0541 rubles – U.S. $1)
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