On October 12, the acceptance of orders for Acron’s first exchange-traded bonds issue was closed. A total of 57 bids worth over RUB 14.3 billion.
The first coupon rate is set at minimum rate - 9.75% per annum with a yield to maturity of 9.99% per annum. On October 16, the bonds will be placed by public subscription at Moscow Exchange.
Acron’s exchange-traded BO-01 series bonds with a total par value of RUB 5 billion have 3 year maturity. The bonds will pay semi-annual coupons. The interest rate shall not be changed.
Sviaz-Bank and VTB Capital are the issue's arrangers.
Moody’s Investor Service rating agency assigned provisional В1 rating to Acron’s first issue of traded bonds with loss given default at LGD-4 and а “Stable”outlook. Fitch Ratings assigned the Acron BO 01-03 exchange-traded bond issuance programme with a total par value of RUB 15 billion an expected local currency senior unsecured rating of B+(EXP) and a recovery rating of RR4.