FESCO announces the Book Building for Rouble Bonds Series BO-01
FESCO announces the Book Building for Rouble Bonds Series BO-01FESCO (the parent company of FESCO Transportation Group) informs that the Rouble Bonds series BO-01 for the total amount of RUB 8.5 bln will be placed on April 27, 2015.
The acceptance period for offers by potential investors starts on April 22, 2015 at 11:00 a.m. Moscow time and ends on April 22, 2015 at 3:00 p.m. Moscow time.
The Rouble Bonds series
Vneshprombank Ltd. is appointed as an underwriter.
The funds received from the Bonds placement will be mainly allocated for debt refinancing within FESCO debt optimization program, in particular, for the USD nominated Senior Secured Notes due 2018 and 2020 buyback. The Company is taking advantage of the current situation to improve the debt currency structure, reduce leverage, and maximize the shareholder value.
MICEX allowed trading FESCO Rouble Bonds series