Rosselkhozbank Defined First Coupon Rate Series 01 and 05 Bonds
OREANDA-NEWS. September 1, 2010. First coupon rate on Rosselkhozbank series 01 and 05 bonds defined at 7.2% pa. Rosselkhozbank has defined the first coupon rate on the series 01 and 05 commercial bonds at 7.2% per year. Together, the two issues total RUB 15 bn. The coupon size is RUB 35.9 per each bond with a par value of RUB 1000.
The bid book for the RUB 10 bn issue of series 05 was opened on August 23. Later on, the company announced a RUB 5 bn series 01 issue. The target coupon rate on both issues was defined in a 7-7.5% range, which corresponds to a 7.12-7.64% yield to put.
The rates on coupons 2-4 are the same as the first coupon rate. Investors could have submitted their bids to VTB Capital till 3 pm MSK August 30. The security placement on the MICEX is scheduled for September 1. On July 22, the MICEX allowed 7 issues of Rosselkhozbank to public trading, worth RUB 50 bn, without a listing procedure. The size of the issues of series 01-04 is RUB 5 bn each, that of the series 05-07 issues is RUB 10 bn each. The issues mature in 3 years; the par value of each security is RUB 1000.
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