Moody's Assigns Rating to Bonds of Vneshprombank
OREANDA-NEWS. Moody's rating agency assigned a long-term rating in national currency B2 to BO-03-series bonds, ID 4V020303261V from 30.05.2013. The forecast is stable, which evidences the Bank's speedy development.
It is worth mentioning that on June 28, 2013, Vneshprombank successfully placed documentary interest-bearing inconvertible bearer bonds on the MICEX Stock Exchange. The bank placed 3,000,000 (three million) bonds with a nominal value of RUB 1,000 (one thousand) and a total nominal value of RUB 3,000,000,000 (three billion). The bonds have series-BО-03 and ID 4V020303261V dated 30.05.2013 with obligatory centralized storage and give their owners the right to demand anticipated repayment. The placement organizers are AKB ROSBANK and Bank Otkrytie JSC. The interest rate for the first bond coupon is set at the level of 11.25 (eleven) percent annually, which equals 56-10 (fifty six and 10/100) rubles per BO-03 series bond. The interest rates for 2?10 coupon periods are set by the issuer in accordance with the Resolution on the issuance of securities. The bond issuance meets all Central Bank criteria to be included in the Lombard list.
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