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DeloPorts places 3.5 bln rbl bonds with 9.4% coupon

July 12, 2017 | Cbonds

Russian stevedore company DeloPorts has placed 3.5 billion rubles of 5-year bonds with a coupon of 9.4% annually, the company said in a statement on Tuesday.

The coupon corresponds to a 9.62% annual yield to maturity.

Raiffeisenbank, Sovcombank, and Gazprombank acted as organizers of the placement.

DeloPorts has simultaneously offered to buy back 3 billion rubles of bonds placed in November 2015 at 13.8% before an offer scheduled for November 2018.

“The new 3.5 billion ruble issue of 5-year bonds allows us to prolong maturity of current liabilities of DeloPorts and to cut the cost of borrowing to 9.4% from 13.8%. The special feature of the deal is that the buyback yield was defined by the yield of placement of the new issue with a slight premium. As a result, investors used the offer for a total sum of 2.1 billion rubles,” the company said citing CEO of managing company Delo Andrei Bubnov.

Emission: DeloPorts LLC, 001P-01

StatusCountry of riskRedemption (offer)VolumeEmission Rating (M/S&P/F)
outstandingRussia07/05/20223,500,000,000 RUB -/-/-

Company: DeloPorts LLC

Full company nameDeloPorts LLC
Country of riskRussia
Country of registrationRussia


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