22 November 2021

This is the first time KAMAZ PTC places green bonds. The bond issue fully complies with the Green Bond Principles of the International Capital Markets Association (ICMA), the Russian Green Finance Guidelines approved by Resolution of the Russian Government No. 1587 of 21 September 2021, about which an independent opinion was received from the verifier – Expert RA.

The orderbook of KAMAZ PTC for BO-P09 green bonds was closed on November 19. The volume of the bond placement was 2 billion rubles with a maturity of two years. Based on the results of the book-building, the final coupon rate is lower than the originally announced range.

The aggregate demand for green bonds is three times higher than the final volume of the issue. A wide range of investors became buyers of the green bonds. The high demand for the green bonds of KAMAZ PTC in the temporarily quiet securities market once again bears evidence of investors’ trust and confidence in the sustainable long-term development of KAMAZ.

KAMAZ plans to use the funds from the green bond placement to finance the production of an environmentally friendly mode of transport – the production of electric buses.

“Green finance is a present-day global approach to responsible investment. By issuing green bonds, we undertake the obligation to direct investors' funds only to environmentally friendly projects,” commented Sergey Kogogin, General Director of KAMAZ PTC.

The key organizers of the green bond issue are SberCIB and Sovcombank. Among the organizers are Credit Bank of Moscow and Novikombank too.