First coupon rate over Sterlitamak Petrochemical Plant's bond issue worth RUB1bn has been set at 10.7%

The first coupon rate over the debut bond issue of SPCP Finance LLC, an SPV-company of the Sterlitamak Petrochemical Plant CJSC, was set at 10.7% at the placement auction, the сompany says.

The issue is being placed today, October 3, by public subscription on the MICEX SE. The issue includes 1 mln bonds of RUB 1,000 par. They carry half-year coupons. The maturity is 3 years.

The loan is secured by the Sterlitamak Petrochemical Plant that mainly produces phenolic antioxidants under the trademark of Agidol. They are used at refineries, in the production of synthetic rubbers, plastics, fibers and other polymer materials as well as in feed, food and cosmetic industries. Antioxidants account for over the half of the overall production volume.

Another direction of the enterprise activity is the production of liquid specialty rubbers, epoxy hardeners and other petrochemical products.

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