OREANDA-NEWS. September 14, 2010. IRKUT Corporation has successfully completed the placement of exchange bonds of the first series. The volume of the placement - 5 bln. rubles, circulation term - 3 years, without the offer. As a result of public subscription coupon rate was set at 9.25%. Total demand exceeded 12 billion rubles, the number of participants - more than 70.

The organizer of the debut release of JSC “IRKUT Corporation” stock bonds is JSC “MDM Bank”.

Underwriters of the placement: Sviaz-Bank, Bank Rossiya, RONIN, Credit Suisse.

Со-Underwriters: IFD-Kapital, NOTA-Bank, Tatfondbank, Zapsibkombank,  Nipbank, М2М Private Bank, Investtorgbank, Zenit Bank and NOVIKOMBANK.

Vice president for corporate finance of IRKUT Corporation Dennis Polevschikov said: "Investors are highly appreciated company's development strategy and its relevance to the aviation industry of Russia in general. Impeccable credit history of the Corporation and sustained support from the government were the key to the success of exchange bonds issue.

According to the head of Department of the Investment banking and financing of JSC "MDM Bank" Anton Kirjuhina, "one of distinctive features of the issue was that the release was interesting to a wide range of investors, from foreign funds to the Russian banks with participation of the state in the capital. It has grown out of an open dialogue of the Emitter with potential investors. During the road-show a number of meetings have taken place, both in Russia and in London".

The director of Exchequer of JSC "MDM Bank" Konstantin Rogov says: "Success of the placing has been predetermined by the current state of affairs and the Corporation’s strategic potential. Positive influence was also rendered by right chosen period of placing. All the above has allowed to essentially lower the final rate of the coupon. A considerable quantity of the investors who have taken part in the issue, allows to assume high liquidity of release in the future. And the prospect of the exchange bonds occurrence in the Lombard list of the Bank of Russia and in the quotation list of the Moscow Interbank Stock Exchange keeps potential of their further growth".