KamAZ PJSC Issues 3 Billion Rubles in Bonds

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KAMAZ PJSC issues 3 billion rubles worth of bonds

KAMAZ PJSC (KAMAZ), a leading Russian truck manufacturer, has successfully placed 3 billion rubles worth of exchange-traded bonds (series BO-P20) at their nominal value.

Through an open subscription, the company issued 3 million bonds, each with a nominal value of 1,000 rubles.

The bonds have a two-year maturity period.

The coupon period is set at 30 days.

The coupon rate for the entire term of the bonds was fixed at 15.95% per annum following the book-building process.

Initially, the coupon rate guidance for the first coupon was set at no more than 16.75% per annum.

Sovcombank acted as the organizer and placement agent for the bond issue.

Overview provided by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the Higher School of Management at the Financial University under the Government of the Russian Federation.