Developer Brusnika Places Exchange-Traded Bonds Worth 1.5 Billion Rubles

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Developer "Brusnika" Issues Exchange-Traded Bonds Worth 1.5 Billion Rubles

Brusnika, a leading Russian real estate developer, has successfully issued exchange-traded bonds (Series 002P-06) worth 1.5 billion rubles at their nominal value.

The company sold 1.5 million bonds, each with a nominal value of 1,000 rubles, through an open subscription process.

The bonds have a three-year maturity period, with an option for early redemption after two years.

The coupon period is set at 30 days.

The coupon rate until the redemption option is set at 22.75% per annum, based on the results of the order book collection.

Initially, the expected coupon rate for the first period was not higher than 23.00% per annum.

The originally planned issue amount was 2 billion rubles, but the final loan amount was set at 1.5 billion rubles following the order book collection.

The placement was organized by Sinara Investment Bank and Sovcombank, with Sinara Bank acting as the placement agent.

Reviewed by Alexey Grishchenko, Ph.D., Professor at the Department of Operational and Sectoral Management of the "Higher School of Management" Faculty at the Financial University under the Government of the Russian Federation.