Irkut Corporation successfully completed the placement of exchange bonds - RUSSIAN AVIATION

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Irkut Corporation successfully completed the placement of exchange bonds

Russian Aviaton » Wednesday November 20, 2013 16:10 MSK

Irkut Corporation successfully completed the placement of exchange bonds on November 18th 2013. The total volume of the bond issue is 5 billion rubles; the maturity of bonds is 10 years; the put date will be in 5 years, the press-service reports.
"Following the results of book-building the coupon rate will be 9,0% per annum. The total demand exceeded 9 billion rubles, the number of participants – 35 ones. Gazprombank and VTB Capital acted as the sponsors for the issue of Irkut’s bonds", - Irkut noted.

Irkut’s Vice-president, Corporate Fincance, Denis Polevshikov, said that the investors highly praised the Irkut Corporation’s operating results, perfect credit history and development strategy. He also thanked Gazprombank and VTB Capital for doing a great job while acting as the sponsors for the issue.

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