United Engine Corporation (ODK) placed exchange-traded bonds worth 12 billion rubles at par value. The coupon period is 30 days.
ODK issued two different types of securities to attract different investors. The first type (series 001P-03). Investors provide money for 3 years. The company pays them a fixed income of 16.5% per annum. This income will not change.
The second type (series 001P-04). Investors provide money for 2 years. The income here is floating. It depends on the key rate of the Central Bank. ODK promises to pay the Central Bank rate + an additional 3.5% on top.
Earlier it became known that the United Engine Corporation will move its head office from Moscow to one of the regions of Russia. Which one exactly is still unknown.
ODK is the key developer of the entire line of new-generation Russian aircraft engines: from the serial PD-14 for the MS-21 to the PD-8 for the SJ-100 and the promising super-powerful PD-35 for future heavy aircraft.