OREANDA-NEWS. April 18, 2012. NOMOS-BANK and Promsvyazbank have announced the successful closing of the book on Metcombank’s Series 01 bond issue, reported the press-centre of NOMOS Bank.

Following the marketing period, the coupon rate was set at 10.75%, which was at the low end of the initial target range of 10.75% – 11.25%. Investors made offers within the coupon rate range of 10.00% – 11.25% annually. The RUB 2 bln bond issue was oversubscribed, with the total value of investors’ bids reaching RUB 2.855 bln.

After analyzing the bids, Metcombank accepted 27 offers from investors.

In addition to the Lead Arrangers, NOMOS-BANK and Promsvyazbank, the bond placement syndicate included 15 participants.

Co-Arrangers: Bank Zenit, Credit Bank of Moscow, Rosbank, SMP Bank;

Lead Underwriters: Bank Avangard, Neyva Bank;

Co-Underwriters: OMP Bank, Lanta-Bank, Accept Bank, Almazergienbank, Eurocitybank, Russlavbank, Severgazbank, Financial Standard and Chelyabinvestbank.

Metcombank’s Series 01 bond issue with a nominal value of RUB 2 billion was registered with the Bank of Russia on July 26, 2011, and assigned the state registration number 40102443B. The bank has a one-year buyback option from the date of placement. The coupon is paid semiannually in equal amounts.

An announced earlier, the placement of Metcombank’s Series 01 bond issue will take place on MICEX on April 12, 2012. The issuing bank is acting as the technical underwriter.

Metcombank (Moody’s – B3) is a universal bank that is part of Renova Group.

More information about the issuer can be found on the bank’s official website – http://www.metcom.ru.