In April 2013, the Company placed a third issue of exchange-traded bonds with nominal value of RUB 5 billion for a period of three years (BO-03) and redeemed the first and second issues of exchange-traded bonds, which were placed in 2010 (BO-01 and BO-02).
Aeroflot’s BO-03 exchange-traded bonds are traded on the Moscow Exchange, where they are included in the B List, and the bonds are also included in the Lombard List of the Central Bank of Russia (a list of securities which are acceptable as collateral for direct repo transactions).
Coupons on Aeroflot’s exchange-traded bonds were paid in full and on schedule in the reporting year:
- 8 April 2013: payment for the sixth coupon period in the amount of RUB 231,840,000.00 (two hundred and thirty one million, eight hundred and forty thousand roubles) on bonds BO-01; payment for the sixth coupon period in the amount of RUB 231,840,000.00 (two hundred and thirty one million, eight hundred and forty thousand roubles) on bonds BO-02;
- 3 October 2013: payment for the first coupon period in the amount of RUB 206,950,000.00 (two hundred and six million, nine hundred and fifty thousand roubles) on bonds BO-03.
JSC Aeroflot bond issuances
| Type | Full name | Number of bonds issued | Nominal value, roubles | Coupon,% | Redemption date | Put option | Fitch credit rating |
|---|---|---|---|---|---|---|---|
| Exchange-traded bonds | Aeroflot BO-01 | 6,000,000 | 1000 | 7.75 | |
— | BB- |
| Exchange-traded bonds | Aeroflot BO-02 | 6,000,000 | 1000 | 7.75 | |
— | BB- |
| Exchange-traded bonds | Aeroflot BO-03 | 5,000,000 | 1000 | 8.30 | |
— | BB- |
In March 2013 the international rating agency, Fitch Ratings, assigned ratings to JSC Aeroflot for a third time, as follows:
- The long-term issuer rating in foreign currency was set at a level of BB-, with Stable outlook.
- The long-term issuer rating in the national currency was set at a level of BB-, with Stable outlook.
- The national long-term rating was set at a level of A+(rus), with Stable outlook.