Sukhoi launches three domestic bonds

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Sukhoi Civil Aircraft (SCAC) has launched three domestic bonds in a Rb9 billion ($248 million) transaction, a report by the issuer reveals.

The company approved the placement of bond series BO-04 through BO-06 with a five-year maturity.

The size of each issue is Rb3 billion. The face value is Rb1,000 per bond.

In January, Fitch Ratings affirmed SCAC's long-term issuer default ratings at "BB" with a stable outlook. It also affirmed the short-term foreign and local currency issuer default ratings at "B".

At the time, the ratings agency said that, due to the government's shareholding, it expected SCAC to continue to receive support from the Russian state via further equity injections over and above what had already been contributed.