UTair Finance Bonds Included in A1 Quotation List
OREANDA-NEWS. July 20, 2010.MICEX upgraded UTair Finance’s certified interest BO-01 and BO-02 series non-convertible bonds onto its A1 quotation list.
The 3 bln ruble bond issue was launched on the MICEX platform on March 30, 2010. The maturity rate of bonds is three years without intermediate offer; the coupon period is 91 days at 12.5% per annum. UTair Aviation acted as the guarantor for the loans. The banks managing the loan were Sberbank, BK Region and TransCreditBank. Funds from the bond issue will be used to refinance current debt.
UTair is a borrower with an impeccable credit history.