ABZ-1 Factory Issues 4 Billion Rubles in Bonds

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Asphalt Concrete Plant No. 1 Issues 4 Billion Rubles in Bonds

Asphalt Concrete Plant No. 1 (ABZ-1), a leading Russian asphalt concrete manufacturer, has successfully issued 4 billion rubles worth of Series 002P-06 bonds at their nominal value.

The issuer sold 4 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 a coupon period of 30 days.

Amortization of the nominal value will occur in installments: 16.5% in the payment dates of the 21st, 24th, 27th, 30th, and 33rd coupons, and 17.5% in the payment date of the 36th coupon.

The coupon rate for the entire term of the bonds was set at 17.50% per annum following the conclusion of the order book collection.

The planned placement volume was increased from a minimum of 2 billion rubles to 4 billion rubles during the order book collection process.

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

An overview of the issue was presented by Alexei Grishchenko, Ph.D., Professor of the Department of Operational and Sectoral Management at the Higher School of Management, Financial University under the Government of the Russian Federation.