Moscow. July 1. INTERFAX.RU – Demand for bonds of JSC „SIBUR Holding” series 001R-01 in the amount of 15 billion rubles and a maturity of 3.5 years more than five times exceeded the offer, the press service of the issuer reported.
„The issue was met with record high demand from the investment community: more than 5-fold oversubscription was formed during bookbuilding, which allowed several times to revise the marketing range downward and close the book at a coupon rate of 9.15% per annum – by 40 bp. below the initial benchmark,” the company said.
The issue received wide distribution among investors: more than 60 applications were submitted to the book. Banks, NPFs and management companies, investment companies, insurance companies, as well as private investors took part in the deal.
The collection of applications for the issue was held on June 30. Initially, the benchmark rate of the 1st coupon was not higher than 9.55% per annum, in the course of marketing it was reduced three times.