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Published on : Thursday, November 28, 2013
UTair Finance, a subsidiary of UTair Aviation, has bought back bonds of series 4B02-09-36059-R and 4B02-10-36059-R and fulfilled its obligations for the securities. The bonds were issued in November 2012 and acquired on terms of public offering.
“UTair Finance has a lengthy experience in the field of debt financing,” said UTair CFO Igor Petrov regarding the buy-back. “UTair bonds meet the highest reliability and quality standards, and demonstrate a very high level of profitability while offering minimum risks. No doubt that this is what makes our bonds a very attractive asset for a wide range of investors.”
The public offering was conducted by BK Region.
UTair Financeis a UTair Aviation subsidiary founded to develop and implement investment programs for UTair Aviation, the guarantor of its securities. The company has successfully issued 15 bond series, 13 of which are now in circulation and have a total nominal value of 19 bln RUB. All UTair Finance securities are listed on the A1 quotation list of the exchanges where they are traded. The company has an A+ credit rating, indicating a very high credit quality with stable outlook according to the Expert RA rating agency.