February 01, 2017 | Cbonds
|Moody's Investors Service has assigned a B1 rating to the proposed $335 million domestic bonds due in 2021 to be issued by O1 Properties Finance JSC and guaranteed by O1 Properties Limited (O1). The outlook on the ratings is stable.|
O1 Properties Finance JSC will issue the bonds for the sole purpose of financing loans to O1 and its key operating subsidiaries. Moody's expects that the issuance proceeds will be used for repayment of part of the company's existing debt.
The bonds will be denominated in US dollars and settled in Russian rubles at the exchange rate determined by the Central Bank of Russia for the relevant date.
Company: O1 Properties Finance
|Full company name||JSC O1 Properties Finance (CJSC)|
|Country of risk||Russia|
|Country of registration||Russia|