On March 03, 2011 MMK placed its RUR 5 bln bonds (series ÁÎ-04) with the maturity period of 1092 days (3 years). The offer for the issue is not provided. The issue is included in the list “Á” at MICEX.

The total value of demand from investors equaled to RUR 8.746 bln which translates into 1.75x oversubscription. The first coupon rate was set based on the results of a coupon rate tender held at MICEX. As the result the annual coupon rate was set at 7.65%, which equals to the bottom of the earlier announced price range. The rate of the second-third-fourth-fifth-sixth coupon equals the first coupon rate. The overall number of bids was 46.
This bond issue was placed in line with the strategy of financing raising for MMK’s investment programme realization. The programme aims at organic growth of the company and increase of HVA products share in the production portfolio.
The managers of the placement are OAO “URALSIB” and Investment Company RFC.