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.
|Issuer, issue number||Sollers finance, 01 |
|Type of debt instrument||Domestic bonds |
|Issue status||expected |
|Type of placement||Public |
|Par, currency of issue||RUR 1,000 |
|Registration date||11/17/2016 |
|State registration number||4-01-00303-R |
|Initial issue price||100 |
|Coupon||Coupon 1 - at auction of before placement, others - according to issuer documents. |
|Trading floor||Moscow Exchange (Third level) |