Etalon subsidiary to place 5bn rubles of exchange-traded bonds

Russia property developer and construction group Etalon said subsidiary AO SSMO LenSpetsSMU will place exchange-traded bonds totalling 5bn rubles with a five-year term.

Bookbuilding took place on 15 June. The coupon rate was set at 11.85%. Demand exceeded the offering amount by 3.3-times.