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angle-left null The placement of Series 02 bonds of JSC TransContainer took place
10.06.2010

The placement of Series 02 bonds of JSC TransContainer took place

On June 10, 2010, CJSC MICEX Stock Exchange hosted the placement of Series 02 bonds of JSC TransContainer. The bonds were placed in full at par value in the amount of 3 billion rubles. The maturity of bonds is 5 years. The rate of the coupon paid once every six months is set at 8.8% per annum for the entire duration of the bond circulation. The bonds are provided for amortization of debt in four equal semi-annual payments, starting from the date of payment of the 7th coupon.

The order book was closed on June 8, 2010. Despite difficult market conditions, the total volume of investors’ applications for the purchase of bonds was almost three times higher than the issue volume, which made it possible to place on the lower border of the previously announced coupon rate range.
The placement was organized by VTB Capital CJSC, CJSC CB Citibank and TransCreditBank OJSC.

The syndicate for placement included as co-organizers: Sberbank of Russia (OJSC) and Svyaz-Bank, as co-underwriters – Otkritie Investment Bank and Promsvyazbank OJSC.
Funds from the placement of bonds will be used to refinance existing debt and purchase rolling stock.