News

December 29, 2010

IFC METROPOL was the lead co-organizer of Rusnano debut bond issue Series 01, 02 and 03 worth RUB 33 billion

On December 29, 2010, Russian Corporation of Nanotechnologies (Rusnano) announced the successful completion of its debut bond issue Series 01, 02 and 03 with total nominal value of RUB 33 billion, with 7 years maturity period from the date of issue. The fulfillment of obligations to pay the nominal value of the bonds is secured by state guarantee of the Russian Federation.

The order book for the bonds was closed on December 24, 2010. The bonds enjoyed great demand among different categories of investors, which allowed setting the bond coupon rate at 8.9% per annum.

The state-owned Russian Corporation of Nanotechnologies was established by Federal Law No. 139-FZ of July 19, 2007 for "implementing the state policy in the nanotechnology sector, developing innovative infrastructure in the nanotechnology sector, implementing projects in the promising areas of nanotechnology, and creating the nanoindustry." Rusnano will use the money from its bond issue solely for implementing its core functions.

“We welcome Rusnano’s debut in the public corporate bond market. The ruble bond issue has given the corporation an opportunity to diversify long-term financing of its business activities. Investors have highly appreciated the uniqueness of the transaction despite the end-of-the-year factor and a difficult market situation. We have successfully placed all issued bonds worth 33 billion rubles in line with our interest rate expectations.

The bonds have been purchased by large institutional investors and commercial banks, and we are confident that in the future our investor base will continue to grow,” - Deputy General Director O.V. Kiselev said.

Organizers and underwriters of the bond issue: Gazprombank and Troika Dialog.

Lead co-organizer: IFC METROPOL

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