Transaero Airlines plans to start collecting investor applications to acquire exchange bond series BO-01.
The Russian carrier has opened an order book on the domestic bonds totalling 2.5 billion rubles ($84.2 million). The order book closes on 2 March 2012 and the placement is expected on 6 March.
The bonds have a three-year tenor and a 1.5-year put option from the placement date. Coupon guidance is released at 11.5-12.5% corresponding to yield to put at 11.83-12.89%.
Sberbank, IC Troika Dialog are the arrangers of the bond series BO-01.
Proceeds will be used for modernization and refurbishment of cabins of the company's aircraft.