"Asphalt Concrete Plant No.1 Issues Series 002P-07 Bonds Worth 1 Billion Rubles"
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Asphalt Concrete Plant No. 1 (ACP-1) has successfully issued Series 002P-07 bonds worth 1 billion rubles.
The issuer sold 1 million bonds with a face value of 1,000 rubles each through an open subscription.
The bonds have a maturity period of 3 years.
The coupon period is 30 days.
Amortization of the nominal value will be carried out in installments: 16.5% will be repaid on the payment dates of the 21st, 24th, 27th, 30th, and 33rd coupons, and 17.5% will be repaid on the payment date of the 36th coupon.
The coupon rate for the entire term of the bonds was set at 17.75% per annum following the results of the order book collection.
Sovcombank acted as the organizer and placement agent for the bond issue.
An overview was provided by Alexei Grishchenko, Ph.D. in 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.