UTair Finance Bonds Included in Moscow Exchange A1 Quotation List

On September 26, 2013, Moscow Exchange included documentary interest-bearing non-convertible UTair-Finance bonds of BO-11, BO-12 and BO-13 series issued on December 5, 2011 in their own A1 quotation list.

The A1 quotation list includes securities meeting the highest requirements of the Stock Exchange in regard to liquidity, capitalization, company’s reliability and quality of its corporate governance.

The inclusion of UTair-Finance bonds in the A1 quotation list will increase the liquidity of the bonds through expanding the base of potential investors, including Russian non-state pension funds, insurance and holding companies. Bonds of BO-11, BO-12 and BO-13 series have a total nominal value of 4.5 bln rubles and were placed on the Moscow Central Stock Exchange on June 21, 2013. The bonds are available by public subscription in the form of book building. UTair Aviation acts as the underwriter for the loan.

The bonds have a circulation term of 3 years with a coupon period of 91 days. Securities are placed with an annual offer and an annual coupon rate of 12%. Sponsors of the issue are BC Region, Russian Agricultural Bank, PSB, NOTA-Bank, NOMOS-BANK, and Open Bank.

UTair Finance is an active player of the bond market. Currently UTair Finance has 13 bond issues with a total nominal value of 19 bln rubles in circulation.