January 12, 2017 | Cbonds
|SOLLERS-FINANCE plans to build an order book for Series 01 bonds and sell them in the first ten days of February, according to Sovcombank's issue materials. |
Coupon guidance is set at 12.25% (YTM 12.82%). Coupons 2-12 equate to coupon 1. Coupon periods last 91 days.
The par issue amount is RUB 2.5bn. The initial amount on offer will be about RUB 2bn; the remaining part will be placed within one year from the initial placement. The issue has a 5-year tenor (1.820 days), according to issue documents. The bonds amortize and will be redeemed early within 3 years from the start of placement: 15% instalments will be repaid on coupon payment dates 7-11, and 25% of par value will be repaid with payment of Coupon 12.
Sovcombank is the arranger of the transaction.
Issue: Sollers finance, 01
|Status||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
Company: Sollers finance
|Full company name||Sollers finance|
|Country of risk||Russia|
|Country of registration||Russia|