Retailer Lenta is planning a secondary placement of bonds

Retailer Lenta is planning a secondary placement of bonds


Bonds in the amount of up to 4 billion rubles will be posted on 3 March, the benchmark price of placement is set at not less than 100% of par.

MOSCOW, 24 Feb. Russian retailer Lenta plans to place on 3 March in the secondary market the bonds of the third series in the amount of up to 4 billion roubles, is spoken in materials for investors.

Applications for the bonds the company will also gather on March 3. Benchmark the offering price is set at not less than 100% of par, which corresponds to yield to redemption of 12.1% per annum.

Rate semi-annual coupon on the issue is set to offer two and a half years at the rate of 11,75% per annum. The organizers of the offering are “VTB Capital” and Raiffeisenbank. The issue included into the Lombard list of the Bank of Russia.