FESCO announced Ruble Bonds series BO-01 and BO-02 buyback
To finish restructuration of debt obligations FESCO (the parent company of FESCO Transport Group) has announced a buyback of outstanding ruble bonds series BO-01 and BO-02. The related public irrevocable offers are sent to the bondholders via National Settlement Depository system and published in the Internet.
According to the offers, FESCO PJSC will be receiving the acceptances of the bondholders from July 24th through August 30th, 2019. The date of payment is set on September 18th, 2019 for bonds series BO-01, and September 25th, 2019 for bonds series BO-02.
In accordance with the public offer terms and conditions, FESCO PJSC undertakes to pay the bondholders of ruble bonds series BO-01 money in an amount of 100% of the bonds’ par value and profit for the sixth coupon period, as well as obligations under novation agreement related to the third, the 4th and the 5th coupon periods. FESCO PJSC undertakes to pay the bondholders of ruble bonds series BO-02 money in an amount of 100% of the bonds’ par value and profit from the 7th , the 8th and the 9th coupon periods.
Procedure of filing notifications and buyback conditions are determined by the conditions of the public offers below:
For bonds series BO-01
For bonds series BO-02all publications