UAC TO ISSUE ROUBLE BONDS

The United Aircraft Corporation (UAC) has announced is will place RUB 46.28 billion ($1.542 billion) worth of nine-year bonds worth roubles during first quarter of 2011. Sberbank, VEB Capital and VTB Capital are lead managers on the offering. The first coupon is priced at 8% per annum. The bonds, which will be placed by public offering, will refinance the company’s medium-term debt which amounts to RUB 145 billion ($4.8 billion).