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26 May 2017

Avtodor State Company pays bonded loan coupon profit for the first coupon period

On May 26, 2017, the State Company Avtodor paid bonded loan coupon profit of BO-001R-01 series for the first (semi-annual) coupon period in the amount of 511,100,000 rubles, thereby having entirely fulfilled its commitments to the security holders within the terms stipulated by the issuing documents.

Coupon profit per bond series BO-001R-01 amounted to 51.11 rubles.

The exchange bonds of BO-001R-01 series of the State Company Avtodor were placed on November 25, 2016 at the site of the Moscow Stock Exchange and were accompanied by an increased demand on the part of potential buyers. The bonded loan was issued within a 4-year 001P series exchange bond program, and the par value of the issue amounted to 10 billion rubles. The coupon rate is set at 10.25% per annum.

BO-001R-01 series exchange bonds are included in the Lombard List of the Bank of Russia (the list of securities accepted as collateral for the loans by the Bank of Russia) since December 19, 2016. Exchange bonds are included in the second tier of the list of securities admitted to trading on the Moscow Stock Exchange.

To date, the long-term international rating in national currency for exchange bonds is set to "BBB-" (investment grade) by Fitch Ratings.