Medscan AO places 3.5 billion rubles worth of bonds

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Medscan PJSC Issues Bonds Worth 3.5 Billion Rubles

Medscan PJSC has successfully placed exchange-traded bonds (series 001P-02) worth 3.5 billion rubles at their nominal value.

The company issued 3.5 million bonds with a face value of 1,000 rubles each through a public offering.

The bonds have a maturity period of 2 years and 1 month, with a coupon period of 30 days.

The coupon rate for the entire term of the bonds was set at 15.35% per annum following the book-building process.

Initially, the planned issue size was 3 billion rubles, but it was increased to up to 4 billion rubles when the book of orders was opened, eventually settling at 3.5 billion rubles.

The placement was organized by VTB Capital Trading, MBES, SovaBank, Sber CIB, Sinara Investment Bank, and T-Bank. Sovcombank acted as the placement agent.

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