OREANDA-NEWS. April 26, 2012. Sviaz-Bank sold out its ten-year Series 05 bond issue to raise 5 billion rubles. Sviaz-Bank acted as lead manager and placement agent, with BC Region LLC as the co-manager, reported the press-centre of Sviaz-Bank.  

The bonds were sold on public subscription on the MICEX Stock Exchange. In all, the Bank offered 5 million bonds at a par value of 1,000 rubles each. A bond has 20 coupons with a 182-day maturity each. The first coupon pays an interest of 9.5%, and so do the second to sixth coupons.

The Fitch Ratings Agency has given Sviaz-Bank’s Series 05 bonds a – BB long-term rating in the national currency and a – AA- (rus) long-term rating on the national scale.