29 September 2017

On September 29, from 14 to 17 hours Moscow time, VIS Development with the participation of SMP Bank is holding bonds book building (series BO-01) with a volume of 1.7 billion rubles. The bonds issue is envisaged within the framework of the public-private partnership project to create children's educational institutions in the Yamal-Nenets Autonomous District. The issue date is set for October 4. 

Previously, the Moscow Stock Exchange registered the bonds under the number 4B02-01-00304-R, the bonds were included into the third level of the quotation list. Maturity of bonds is set for up to 1.5 years. Par value is 1000 rubles. There is a possibility of early redemption of bonds at the request of their owners and at the discretion of the issuer in six months from the issue date. 

VIS Development is a private partner of the PPP project envisaging the construction of kindergartens and schools in the territory of Yamal. The investment stage of the project is completed, all facilities are built and put into operation. In total, more than 1500 new places for pupils have been created in Salekhard, Novy Urengoy, Muravlenko, Tazovsky and Gorki. The public partner in the project is the Government of the Yamal-Nenets Autonomous District, which will take ownership of and fully pay for all of the facilities in the first half of 2019. All payments are included in the budgets of appropriate levels.

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