OREANDA-NEWS. April 24, 2012. Sviaz-Bank made public its decision to issue its Series 04 ten-year bonds to raise 5billion rubles by accepting applications from buyers for the purchase of bonds, reported the press-centre of Sviaz-Bank.

The issue is to be floated on the MICEX Stock Exchange on April 25.

Each bond has a par value of 1,000 rubles. No early buyback option is offered. Sviaz-Bank acts as the issue lead manager and agent.

On December 22, 2011, Sviaz-Bank sold the full issue of its Series 03 bonds. The Fitch Ratings Agency gave the bonds the –BB long-term rating in the national currency, and the –AA rating on the national scale.