Otkritie Bank and Nomos-Bank Placed Series 6 Bond Issue of Otkritie FC
OREANDA-NEWS. OTKRITIE Bank and NOMOS-BANK have successfully placed the series 06 bond issue of OTKRITIE Financial Corporation, Open Joint-Stock Company, with an aggregate nominal value of RUB 5 billion maturing in 1820 days. The issue has been placed in full.
The bid book was open between 12 August 2013 and 13 August 2013. The benchmark rate of the first coupon at the opening of the book was in the range of 11.00-11.50%, which corresponds to a yield of 11.46-12.01% per annum. 19 market players made their bids in the bid book.
Based on the results after the closing of the bid book on 13 August 2013, the issuer decided to fix the interest rate for a period before the offer for series 06 bonds in the lower price range at a rate of 11.00% per annum, which corresponds to a yield of 11.46%. The interest rate of the second, third and fourth coupon is equal to the first coupon rate. Interest rates for subsequent coupons will be set by the issuer in accordance with the issue documents.
The issue provides for the premature purchase of the bonds at the holders’ request after 1 year from the commencement date of placement.
The series 06 bonds were placed on 15 August 2013 by public subscription using the trade and settlement systems of MICEX Stock Exchange, CJSC. OTKRITIE Bank, OJCS is acting as the bond placement agent. The depositary is NPO NRD, CJCS. 64 deals were made in placing the exchange-traded bonds.
OTKRITIE Bank, OJCS and NOMOS-BANK (OJCS) are acting as the loan arrangers.
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