Moscow Exchange has registered the debut issue of bonds of FSUE Rosmorport series 001P-01 in the amount of 4 billion rubles and included it in the third level of the quotation list, the exchange said.
The issue was assigned the identification number 4B02-01-00008-T-001P.
Earlier it was reported that the company plans to collect applications for debut bonds worth 4 billion rubles with a maturity of 5 years in the first decade of October.
The benchmark for the 1st coupon rate is a premium of about 130 basis points to comparable OFZs. Semi-annual coupons.
The issue is subject to an amortization system of repayment: 25% of the face value are canceled at the end dates of the 4th, 6th, 8th coupon periods, respectively.
The placement will be organized by FC Otkritie Bank (MOEX: OFCB) and Alfa-Bank.
In October last year, the Moscow Exchange registered the FSUE Rosmorport's open-ended bond program in the amount of 25 billion rubles.
In August 2019, the Expert RA rating agency assigned a credit rating to the non-financial company FSUE Rosmorport at the ruAAA level, with a stable outlook.
Earlier, the company announced that it is undergoing testing for the assignment of a credit rating in anticipation of the registration of the debut program of exchange-traded bonds. The message emphasized that the assignment of a high rating will ensure the successful placement of the first bond issue of Rosmorport.
As the company commented then to Interfax, the placement of bonds is supposed to finance investment projects stipulated by the documents of the company's strategic development. The debut issue was planned for placement last fall.
“The funds raised are planned to be used for long-term large-scale investment projects in the field of construction and reconstruction of port infrastructure and renewal of the company's fleet,” the company explained earlier.
FSUE “Rosmorport” is one of the largest owners of coastal and port infrastructure facilities in Russia, it is under the jurisdiction of the Federal Agency for Sea and River Transport (Rosmorrechflot). A significant portion of capital expenditures has historically been funded from the federal budget as part of federal targeted programs.
The company operates in 65 seaports located in 24 constituent entities of the Russian Federation.