Press room


2 December 2011

State Company Avtodor reported successful bookbuilding for debut bond issue worth 3 billion rubles

On December 1, 2011 Avtodor State Company successfully closed the bid book for its bonds of the 01 series worth 3 billion rubles with 5-year maturity since the date of the bond placement. The obligation to repay the face value of bonds is ensured by a state guarantee of the Russian Federation.
The bookbuilding was accompanied by a broad marketing of the issue which covered all groups of market investors into ruble-denominated bonds. In complicated market conditions the bid book was closed with oversubscription at coupon rate of 9.75% and five-year maturity. Investors comprised major banking institutions, managing and investment companies.

Gazprombank open joint-stock company managed the bond issue.