JSC "KAMAZ" Issued Bonds for 6.75 Billion Rubles

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JSC "KAMAZ" issued bonds for 6.75 billion rubles.

The issuer issued exchange bonds of series BO-P18 and BO-P19 for 6.75 billion rubles at face value.

Through public subscription, the issuer issued 3.65 million bonds of series BO-P18 and 3.1 million bonds of series BO-P19, each with a nominal value of 1000 rubles.

The term of the bonds is 2 years. The coupon period is 30 days.

The coupon rate for bonds of series BO-P18 for the entire term of the bonds was set at 16.50% per annum based on the results of the subscription collection.

The coupon income for bonds of series BO-P19 is determined as the sum of the incomes for each day of the coupon period based on the Central Bank of Russia key rate plus a spread, which was set at 2.75% per annum based on the results of the subscription collection.

Sovcombank is the organizer and agent for the placement.

Review presented by Yulia Grishchenko, member of the listing expert council of the Moscow Exchange, Ph.D. in Economics, head of the financial and investment management department at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.