10 June 2021, Moscow – Aeroflot PJSC announces book closing for a RUB 24.65 billion exchange-traded bond issue (series P01-BO-01).
The issue attracted significant interest from the market, which allowed to revise the initial coupon guidance (8.90%–9.15%) three times during the bookbuilding and then close the book at 8.35% p.a., the lower end of the final coupon range.
The book was oversubscribed five times. Strong demand helped to almost double the transaction size from initially announced RUB 15 billion.
The book had over 80 orders from banks, investment funds, insurance companies, including bids collected by brokers from retail investors. Overall demand exceeded RUB 68 billion. Retail investors’ demand amounted to RUB 3 billion at the final coupon range.
The bond’s coupon period is 91 days, its nominal value is RUB 1000. The bond matures in 5 years.
Alfa-Bank, VTB Capital and Sovcombank acted as Joint Lead Managers on the transaction, VTB Capital will act as the settlement agent.