Element Leasing LLC has made an offer to purchase 001P-02 series bonds, the company said in a statement.
The papers can be presented for redemption from 15 to 21 October 2020. The acquisition date is October 22, 2020.
The total number of redeemed securities is up to 5 million. The purchase price of the bonds is 100% of the outstanding part of the par value, which is 664 rubles. The accumulated coupon yield of RUB 0.37 per bond calculated for October 22, 2020 will also be paid.
Acquisition agent – BCS Company.
The company placed 3-year bonds worth RUB 5 billion in April 2019. The current coupon rate is 10.25% per annum. The securities have an amortized maturity structure.
Currently, there are 3 issues of the company's exchange-traded bonds in circulation, totaling 6.45 billion rubles.
Element Leasing was founded in 2004. It provides financing for the purchase of commercial vehicles, special machinery and equipment for small and medium-sized businesses in all regions of Russia.