IEK Holding Issues 2.5 Billion Rubles in Bonds

© ООО Региональные новости

IEK HOLDING Issues Bonds Worth 2.5 Billion Rubles

IEK HOLDING has successfully issued exchange-traded bonds of series 001P-05 with a total value of 2.5 billion rubles at par value.

The issuer sold 2.5 million bonds, each with a nominal value of 1,000 rubles, through an open subscription.

The bonds have a circulation period of 2.5 years and a coupon period of 30 days.

The coupon rate for the entire circulation period was set at 15.75% per annum following the bids collection process. Initially, the guideline for the first coupon rate was announced at no more than 17.00% per annum. The originally planned issue volume was increased from 2 billion rubles to 2.5 billion rubles during the bids collection.

The placement organizers are Alfa-Bank, Gazprombank, and Sovcombank. Sovcombank acts as the placement agent.

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