On August 13, SUEK-Finance LLC will start placing bonds of issue 001P-02R in the amount of RUB 10 billion. According to the company's statement, bookbuilding will close on August 9.
The issue intended for public offering consists of 10 million securities with a face value of RUB 1,000 each. The bond maturity period is 3 years. The placing price is equal to the nominal value. The issue was assigned identification number 4B02-02-36393-R-001P as of August 7, 2018. Coupons 1-6 are equal to 8.3% p.a. The issue underwriter is Bank Otkritie Financial Corporation (PJSC).
LLC SUEK - Finance (tax number: 7709851798) is a wholly owned subsidiary of JSC Siberian Coal Energy Company. SUEK stands security for the bonds issues of SUEK-Finance.
JSC Siberian Coal Energy Company (SUEK, tax number: 7708129854) is the largest coal association in Russia in terms of coal output. The company accounts for over 30% of the coal supplies to the domestic market and more than a quarter of the Russian coal exports. SUEK's branches and subsidiaries operate in Zabaykalsky, Krasnoyarsk, Primorsky and Khabarovsk Krais, Kemerovo region, republics of Buryatia and Khakassia.
The company's sole shareholder (100% of the authorized capital) is SUEK PLC. In 2017, SUEK's companies produced 107.8 million tonnes of coal, which is 2.3% above the 2016 level.
IFRS net profit of JSC Siberian Coal Energy Company (SUEK) for 2017 increased 2.09 times to $657 million from $314 million the year before. Revenue increased by 42.25% to $5.693 billion from $4.002 billion, profit from operations by 82.37% to $1.076 billion from $590 million, pre-tax profit 2.17 times to $878 million from $404 million. EBITDA increased by 53.08% to $1.514 billion from $989 million.
"AK&M", 10.08.2018 12:25