TKK has set the 5th coupon rate for A1 bonds at 6.212% and the 2nd coupon for A3 bonds at 6.712%

TKK has set the 5th coupon rate for A1 bonds at 6.212% and the 2nd coupon for A3 bonds at 6.712%

TKK set the 5th coupon rate of A1 bonds at 6.212% and the 2nd coupon of A3 bonds at 6.712%

Transport Concession Company LLC has set the 5th coupon rate of A1 class bonds at 6.212% per annum and the 2nd coupon of A3 class bonds at 6.712%, the issuer said.

The company placed A1 class bonds in the volume of 1.241 billion rubles in September 2016. The bonds mature in 17 years. The bonds pay annual coupons. The rate of the 1st coupon of A1 class bonds is set at 12.5% per annum, the rates of the 2nd to 5th coupons depend on the consumer price index and are calculated as the inflation rate for the year + 3% per annum.

LLC Transport Concession Company (TKK, St. Petersburg) in September 2019 fully placed bonds of class A3 in the volume of 1.374 billion rubles, the company said.

The 1st coupon rate was set at 12% per annum. The duration of the first five coupon periods will be one year. The rate of coupons 2-5 depends on the consumer price index.

The bonds have a maturity period of 15 years, a put option is provided in 5 years. The par value of the securities is 1,000 rubles.

There are currently 5 issues of the company's classic bonds in circulation for a total of 11.913 billion rubles.

“Transport Concession Company” was established in January 2013. In May 2016, the administration of St. Petersburg signed an agreement with the Transport Concession Company on the creation, reconstruction and operation of a tram network in the Krasnogvardeisky district of St. Petersburg with a length of 14 km. The cost of all work, including the purchase of rolling stock and operation for 30 years, will amount to 33.7 billion rubles.

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