Jan 19, 2017 - Aeroexpress Pays Off 3.053 Billion Roubles in Bonds

Aeroexpress Pays Off 3.053 Billion Roubles in Bonds

Jan 19, 2017

Aeroexpress has fulfilled its obligation to repay its debut bonded loan in full.

On 13 January, Aeroexpress made payments against series 01 bonds in the amount of RUB 3,053,000,000. Moreover, income gained during the 10th coupon period, for a total of RUB 167,457,050 (RUB 54.85 given an 11% annual rate), has also been redeemed in full. 

“This is really a very significant event for our company,” says Valery Fyodorov, Chief Operating Officer of Aeroexpress. “This is the first time Aeroexpress has entered the open market for financial loans and, what is more important, we have fulfilled our obligations completely and on time.” 

It is noteworthy that the decision to issue bonds in the amount of RUB 3.053 billion was made by the company’s Board of Directors in October 2011.

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