"TransContainer Issues 10 Billion Rubles in Bonds"

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TransContainer Issues RUB 10 Billion Bonds

TransContainer, a leading Russian transport and logistics company, has successfully issued RUB 10 billion worth of exchange-traded bonds (series P02-03) at their nominal value.

The issuer sold 10 million bonds with a face value of RUB 1,000 each through an open subscription process.

The bonds have a maturity of three years and a coupon period of 30 days.

The coupon rate for the entire circulation period was set at 16.50% per annum following the book-building process.

Initially, the guidance for the first coupon rate was set at no higher than 16.50% per annum.

The placement was organized by Alfa-Bank, VTB Capital Trading, Gazprombank, Sinara Investment Bank, MKB, Sovcombank, and T-bank. Sovcombank acted as the placement agent.

Overview provided by Alexey 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.