PhosAgro reported on April 14 that it had successfully completed the book build for its first-ever issue of exchange-traded bonds in the amount of CNY 2 billion (approximately $290 million at current exchange rates) on the Moscow Exchange.
The bonds have a par value of CNY 1,000, a coupon period of 91 days, and maturity in three years. The main buyers of the bonds were institutional and private investors.
The order book was closed on April 10, and settlements on the transaction took place on April 14. The lead manager and placement agent for the bonds was Gazprombank.