"AdvanceTrack to Place 1.5 Billion Rubles Bonds on July 7"

© ООО Региональные новости

Russian company "LK AdvansTrack" to launch 1.5 billion ruble bond issue on July 7

On July 7, Russian company "LK AdvansTrack" (full name: Limited Liability Company "AdvansTrack") will begin the placement of exchange-traded bonds (series 002P-01).

The planned issue size is 1.5 billion rubles.

Each bond will have a nominal value of 1,000 rubles and a coupon period of 30 days.

The bonds will have a circulation period of 5 years.

Repayment of the nominal value will be made in amortization installments: 5% at the end of each coupon period from the 41st to the 60th.

The coupon rate is fixed at 24.50% per annum for the entire circulation period.

There is also an option for early redemption at the discretion of the issuer at the end of the 30th coupon period.

This overview was presented by Alexey 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.