BANK URALSIB Announced Two Bonds Placements
OREANDA-NEWS On 04 December BANK URALSIB (URALSIB or Bank) (RTS: USBN) announced that the Supervisory Board has decided to place 5 mln bonds of series 02 and 5 mln bonds of series 03.
The meeting of the Supervisory Board held on November 24, 2008, made a decision to place non-convertible documentary interest-bearing bonds payable to bearer of series 02 and series 03 with obligatory centralized keeping. The Supervisory Board also upheld decisions on securities issue.
The volume of bonds of series 02 is 5 bln rubles, the maturity is 3 years (1,099 days). The bonds of series 03 total also 5 bln rubles and will be placed for the period of up to 5 years (1,820 days). The nominal value of series 02 and 03 bonds is 1,000 rubles each. The bonds are to be placed through the open subscription at 100% of the nominal value. The bonds of series 02 have six coupon periods, the bonds of series 03 - ten coupon periods. The issue terms provide for semi-annual coupon payments and a put-option of early redemption at par value.
The Bank plans to place the bonds on the Moscow Interbank Currency Exchange (MICEX).
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