Transcreditbank Executed Obligations on Payment of Coupon Income
OREANDA-NEWS. On 21 July 2009 was announced, that TransCreditBank has paid the income under bonds of a series 03 (the state registration number of release - 40302142B from 21.03.08) for the second coupon period. The size of the income - of RUR249,05 mln, RUR49,81 on 1 bond.
TransCreditBank made a public offering of its 3 year’s series 03 bond at MICEX. The total size of the deal is RUR 5 bn. The issue carries a semiannual coupon. Upon review of the bids the issuer set the rate for coupons 1-3 at annual 9.99 %. Rates of coupon 4 and further coupons will be set by the issuer in accordance with terms and procedures established by the Resolution on the Bond Issue. Sberbank, ING Bank, Morgan Stanley, REGION (BC) acting as co-arrangers.
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