February 10, 2017. O1 Properties Finance completed the placement of the BO-P01 series of dollar denominated bonds (identification number 4V02-01-71827-H-001P, registered on 25 January 2017). The volume of the placement is USD 335 million, maturity – 4 years.
The book building process was completed on 1 February 2017. The guideline rate for the first coupon was 7-7.25% and the book was closed at the lower end of the range. Yield to maturity is 7.12% per annum.
The bonds were placed by public subscription as part of the Bond borrowing program of O1 Properties, which has maximum capacity of 50 billion rubles (or equivalent in foreign currency). The issue is guaranteed by O1 Properties Ltd., which is one of the largest owners of class-A office real estate in Moscow. Moody’s assigned B1 rating with stable outlook to the issue.