29
December
2010
IFC METROPOL was the lead co-organizer of Rusnano debut bond issue Series 01, 02 and 03 worth RUB 33 billion
On December 29, 2010, Russian Corporation of Nanotechnologies
(Rusnano) announced the successful completion of its debut bond
issue Series 01, 02 and 03 with total nominal value of RUB 33
billion, with 7 years maturity period from the date of issue. The
fulfillment of obligations to pay the nominal value of the bonds is
secured by state guarantee of the Russian Federation.
The order book for the bonds was closed on December 24, 2010.
The bonds enjoyed great demand among different categories of
investors, which allowed setting the bond coupon rate at 8.9% per
annum.
The state-owned Russian Corporation of Nanotechnologies was
established by Federal Law No. 139-FZ of July 19, 2007 for
"implementing the state policy in the nanotechnology sector,
developing innovative infrastructure in the nanotechnology sector,
implementing projects in the promising areas of nanotechnology, and
creating the nanoindustry." Rusnano will use the money from its
bond issue solely for implementing its core functions.
“We welcome Rusnano’s debut in the public corporate bond market.
The ruble bond issue has given the corporation an opportunity to
diversify long-term financing of its business activities. Investors
have highly appreciated the uniqueness of the transaction despite
the end-of-the-year factor and a difficult market situation. We
have successfully placed all issued bonds worth 33 billion rubles
in line with our interest rate expectations.
The bonds have been purchased by large institutional investors
and commercial banks, and we are confident that in the future our
investor base will continue to grow,” - Deputy General Director
O.V. Kiselev said.
Organizers and underwriters of the bond issue: Gazprombank and
Troika Dialog.
Lead co-organizer: IFC METROPOL
