OREANDA-NEWS. Otkritie Financial Corporation has reported the opening of an order book for its bond issue registered in 2012.

The issue’s value will be RUB5bn, with the bonds maturing in five years. The issue was registered by the Federal Service for Financial Markets on 18 September 2012 under state registration number 4-05-14406-A. The proceeds from the offering will be used to finance Otkritie FC’s operations.

The original rate guidance on the first coupon is in the range of 12.00-12.50% pa. The order book is planned to be closed on 8 May 2013. Based on the book building results, the first coupon rate will be determined. Interest rates for coupon periods 2 through 20 will be set equal to the first coupon rate.

The bonds will be offered for public subscription at an offer price of RUB1,000 per bond. The offering is scheduled to take place on 14 May 2013 using the MICEX’s trading and settlement systems.

The issue is arranged by Otkritie Bank OJSC.

Currently, there are four issues of Otkritie FC’s classic series 01 (RUB5bn), 02 (RUB5bn), and 04 (RUB5bn) bonds outstanding and one classic series 03 bond issue (RUB7bn) outstanding. Otkritie FC’s series 01, 02, and 03 bonds are on the MICEX A1 quotation list.