ICT Holding successfully places 14 bln rubles in bond loan

06.03.2018 |

ICT Holding via its Russian subsidiary “OOO “Finconsult” has completed the placement of its 10-years exchanged-traded bonds (BO-P02 series) totaling 14 billion rubles on the Moscow Exchange.

Book building for the series BO-P02 bonds was held on February 9. The rate guidance for the first coupon has been set at 8% annually. The total rate has been set at 8% per annum as well. The rates for the 2-40 coupons are equal to the Federal Loan Bonds (OFZ) rates to maturity in one year plus 1 percentage point, but not more than 15% per annum.

Sovcombank is the placement agent and organizer.

The bonds were offered under an exchange bonds program admitted to trading on the Moscow Exchange on December 14, 2017 (4-00342-R-001P-02E). The program stipulates public placement of exchange bonds with maturities up to 15 years denominated in rubles or any other foreign currencies. The program has no fixed time limit.