In 2002-2003 OJSC MMK made two issues of Eurobonds for an amount of EUR 100 million with a 3-year maturity, and USD 300 million with a 5-year maturity, respectively. The lead manager of the first Eurobonds’ issue was Deutsche Bank, with LLC IK RFTs and OJSC ROSBANK acting as financial advisers. For the USD 300 m issue OJSC MMK engaged ABN Amro and UBS Investment Bank as lead managers, the Bank of New York as the main paying agent and LLC IK RFTs and OJSC ROSBANK as financial advisers.
To date, all these Eurobond issues have been redeemed.
Corporate Ruble-Denominated Bonds:
OJSC Magnitogorsk Iron and Steel Works has made 17 issues of corporate ruble-denominated bonds for a total amount of RUB 2.9 billion in 2000-2003. Underwriters of the issues were LLC Raschetno-Fondovy Tsentr (LLC IK RFTs) and OJSC ROSBANK. To date, the series 01-17 issues have been redeemed.
In August, 2012, the Board of Directors of OJSC MMK made a decision to place series 18, 19 and 20 corporate ruble-denominated bonds of OJSC MMK. In October, 2012 the Federal Service for Financial Markets carried out the state registration of securities issues. The financial organizations rendering the service of placement of corporate ruble-denominated bonds of OJSC MMK are LLC IK RFTs, OJSC URALSIB and CJSC Unicredit Bank. The total value of registration program amounts to 20 billion rubles. Currently outstanding is the RUB 5 billion Series 19 issue, included in the First Level quotation list of the Moscow Exchange.
The RUB 5 billion Series 18 issue has been redeemed;
Series 20 issue is cancelled.
In October of 2009, the Board of Directors of OJSC MMK adopted a resolution to place exchange-traded bonds of BO-01, BO-02, BO-03, BO-04 and BO-05 Series. Financial institutions rendering services to OJSC MMK for the placement of the exchange-traded bonds are LLC IK RFTs, OJSC ROSBANK, OJSC URALSIB and LLC Renaissance Capital-FK. The total amount of this bond program stands at RUB 33 billion. To date, the series BO-01- BO-05 issues have been redeemed.
In February of 2011 the Board of Directors of OJSC MMK adopted a resolution to place exchange-traded bonds of BO-06, BO-07, BO-08, BO-09, BO-10, BO-11, BO-12, BO-13, BO-14 and BO-15 Series. Financial institutions rendering services to OJSC MMK for the placement of the exchange-traded bonds are LLC IK RFTs, OJSC URALSIB and OJSC Sviaz Bank. The total amount of this bond program stands at RUB 50 billion. Currently there are no outstanding issues of the program.
The following issues have been redeemed:
The RUB 5 billion Series BO-06 issue.
The RUB 5 billion Series BO-07 issue.
The RUB 5 billion Series BO-08 issue.
|Date of assignment
|22 februar 2017||Ba1|
|23 mai 2016||BB+|
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