OREANDA-NEWS. April 18, 2012. AHML effected placement of non-convertible documentary coupon bearer bonds series A21 with mandatory centralized storage to the total amount of RUB 15 bln. These bonds are secured by the state guarantees of the Russian Federation.

The bonds will be discharged via depreciation sinking. Maturity date is February 15, 2020. Duration of bonds is 3.6 years.

Placement was effected by collecting individual bids for acquisition of A21 series bonds at a fixed price and fixed first coupon rate. During the placement process, investors offered 16 bids to the total amount exceeding the value on offer.

Fixed coupon rate of 8.8% was set for A21 series bonds for the entire maturity period, with 9.1% yield to maturity.

Natalya Koltsova, Executive Director for Finance, commented on the placement of bonds: “We are satisfied with the results of this placement, especially considering our previous attempt at placement of this issue, when the prices offered by market players were inadequate.”

AHML will use the funds obtained from this placement to finance its core operations.