"Acron places 1 billion yuan worth of exchange-traded bonds"

© Региональные новости

Akron Successfully Issues 1 Billion Yuan Exchange-Traded Bonds

Akron, a Russian-based company, has successfully issued a series of exchange-traded bonds (BO-002P-03) worth 1 billion yuan at their nominal value.

Through an open subscription, the issuer sold 1 million bonds, each with a nominal value of 1,000 yuan.

The bonds have a circulation period of 3.5 years.

The coupon period is 30 days. The repayment of the nominal value will be made in installments: 30% on the date of the 36th coupon payment, and 35% each on the dates of the 39th and 42nd coupon payments.

Based on the results of the tender, the coupon rate for the entire circulation period was set at 7.85% per annum.

The placement agent was Tabula Rasa Investment Company.

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