The bookbuilding for bond issue series 001P-03 of IEK GROUP is completed!
The placement volume amounted to 2 billion rubles, the coupon rate is fixed at 23.75% per annum with monthly payments, the circulation period is 1.5 years.
We once again note the active interest in the company's debt instruments from retail investors, who accounted for about 35% of the total volume of the new placement. The share of retail investors in previous bond issues was about 30%.
"The completion of the bookbuilding for our third bond issue underscores investors' trust in the company," says Mikhail Gorbachev, Financial Director of IEK GROUP. "We are in constant dialogue with the investment community, so we try to offer such a structure and conditions within our public debt instruments that will be attractive to the widest range of investors. This yields results: the book was oversubscribed more than 3 times from the initially announced indicative placement volume, which allowed us to increase the issue volume from 1 billion rubles to 2 billion rubles. Furthermore, besides interest from large institutional players, we once again note a large volume of demand from retail investors, which amounted to about 35%."
The attracted funds are planned to be directed primarily to optimizing the structure of the existing credit portfolio, as well as for general corporate purposes.