RUSNANO Issues RUB 6.5 bln of Listed Bonds

27 March 2020

On March 26, 2019 RUSNANO successfully closed the applications for the issue of its BО-002R-04 series bonds, with a total par value of RUB 6.5 bln. The annual coupon rate was set at 8.75%. The term of the listed bonds is 4 years.

Thanks to the considerable amount of interest in RUSNANO’s bonds, the issue was oversubscribed before the closing of applications.

Artur Galstyan, RUSNANO Management Company’s Chief Financial Officer, said, “Despite the difficult situation on the financial market due to the coronavirus epidemic, there was a great deal of interest in the issue of RUSNANO’s securities, which enabled the company to choose the most convenient terms for attracting investment. This proves how much confidence investors have in the reliability of the issuer, and its ability to resist fluctuations in the economy. In the current uncertain situation the attracted funds will be used to increase the company’s liquidity reserves and to refinance its debt at more advantageous interest rates.”

The actual issue of the bonds will take place on the Moscow Exchange on March 31, 2020. The issue was arranged by Alfa Bank, Ak Bars Bank, BCS Global Markets, Veles Capital, Derzhava Bank, Raiffeissen Bank, ROSBANK and Sovkombank.

Before the issue, in February, RUSNANO’s Board of Directors confirmed that the 002R series of listed bonds issue would be increased from RUB 20 bln to RUB 70 bln.

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 115 factories and R&D Centers opened in 37 regions in Russia.

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.