RUSNANO Closes Bidding in Its Floatation of Bonds to the Value of RUB 4.5 bln

28 May 2019

On 27 May 2019 RUSNANO JSC successfully closed bidding on its flotation of the BO-002R-01 series of bonds, with a total nominal value of RUB 4.5 bln. The coupon rate was set at 9.1% per annum. This was the first issue in RUSNANO’s program to float bonds with a total value of up to RUB 20 bln, which was approved In March 2019 by the Company’s Board of Directors.

The publicly-traded bonds have a maturity period of 2.5 years and a coupon period of 182 days. The nominal value of each bond is RUB 1000.

Investors have shown considerable interest in RUSNANO JSC’s bonds: 38 bids were recorded in the bidding register, from all categories of investors: banks, investment, management and insurance companies, and private investors.

Artur Galstyan, RUSNANO’s Chief Financial Officer: “We are glad that investors have rated RUSNANO JSC’s credit status as an independent bond issuer so highly. This is already the second time the company has issued publicly-traded bonds without the support of state guarantees. One of the reasons we were able to attract a wide range of investors was because of the issuer’s high credit ratings: BBB- / Positive from Fitch and ruAA / Stable from ExpertRA.”

The flotation was organised by Raiffeisenbank JSC and Rosbank PJSC, with Alfa-Bank JSC and Renaissance Broker Limited as co-organisers.

The floatation of the bond issue will take place on 5 June 2019, on the Moscow Exchange.

Additional information

Reference

RUSNANO Joint-Stock Company was founded in March 2011 through reorganization of state corporation Russian Corporation of Nanotechnologies. JSC RUSNANO contributes to implementation of the state policy on the development of the nanotechnology industry by investing directly and through investment funds of nanotechnology in financially effective high-technology projects providing the development of new production facilities in the Russian Federation. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, chemicals and petrochemicals. 100 percent of RUSNANO’s shares are state owned. Thanks to RUSNANO’s investments, there are currently 103 factories and R&D Centers opened in 37 regions in Russia. JSC RUSNANO has profit for the last 5 years.

Management of assets of RUSNANO JSC is carried out by Limited Liability Company established in December 2013, RUSNANO Management Company. Anatoly Chubais is the Chairman of its Executive Board.

Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.