Olips starts retiring second bill tranche, reports Consulting BrokerCreditService
Olips retired 40.6m RUR worth of bills and partly covered its second bill tranche with the total face value of 88.7m RUR. The first tranche worth 62.7m RUR was paid at the end of September.
The company still has 71m RUR worth of second- and third-tranche bills in circulation. It broke into the market in order to project the image of an open and transparent company as well as to build a balanced borrowing structure and create a publicly known credit record to facilitate the forthcoming corporate bonds market entry.
The company still has 71m RUR worth of second- and third-tranche bills in circulation. It broke into the market in order to project the image of an open and transparent company as well as to build a balanced borrowing structure and create a publicly known credit record to facilitate the forthcoming corporate bonds market entry.
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