GTLK Places 35 Billion Rubles Worth of Bonds

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GTLK Issues 35 Billion Rubles in Bonds

GTLK, a Russian state-owned leasing company, has successfully issued exchange-traded bonds worth 35 billion rubles (Series 002P-13) at face value.

The company sold 35 million bonds, each with a face value of 1,000 rubles, through an open subscription.

The bonds have a four-year term and a coupon period of 30 days.

Redemption of the face value will be made in installments: 20% in the payment dates of the 36th, 39th, 42nd, 45th, and 48th coupons.

The coupon rate for the entire term of the bonds was set at 15.95% per annum following the collection of bids.

The placement was organized by Alfa-Bank, Veles Capital, VTB Capital Trading, Gazprombank, GI Solutions, Lokobank, MTS Bank, PS Bank, Sinara Investment Bank, SovaCombank, and T-Bank. SovaCombank acted as the placement agent.

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