August 8, 2013 – The total demand for the bonds exceeded the issue amount of RUB 6 bln.
On August 6, 2013the order book was closed for an issue of the series 01 bonds of O1 Properties Finance worth RUB 6 bln and with a maturity of 5 years. The bonds have a put option of 3 years. More than 25 investors took part in the bookbuilding process.
Upon conclusion of bookbuilding, the interest rate for the bonds before the put option was set at 12% annually, with coupon guidance falling in the range of 12.00-12.50%. The range for the coupon rate was amended twice during bookbuilding, first narrowed to 12.00-12.25%, and the final book was closed with an announced rate of 12%.
The placement was arranged by Otkritie Bank, NOMOS Bank, Raiffeisenbank, Sberbank CIB.
“The debut bond issue by O1 Properties Finance demonstrated investors’ interest and high appraisal of the quality of our business. This allowed us to achieve a full order book and at terms satisfactory to us. We are planning to direct the proceeds from the sale to reducing leverage and investing in the futher development of the company”, – commented on th issue Chairman of the Management Board of O1 Properties Dmitry Mints.
Settlements for the issuance took place on the MICEX Exchange on August 8, 2013.
 On the basis of CJSC “Sberbank CIB”Скачать PDF