OREANDA-NEWS. On the 15th of October 2013 SB Bank exchange bonds of BO-02 series (reg. number 4B020202999B as at 11 February 2011) were successfully placed at Moscow Central Stock Exchange.

Exchange bonds of BO-02 series with par value of 2 bln RUR have maturity of 3 years. Their coupon period is half of a year. The put date is supposed to be in a year.

During book-building demand has overtaken supply. It let the issuer place the securities with a lower limit of the before announced range – 11-11.5% annually. Therefore, rates of the first and the second coupons equal to 11% annually that corresponds to 11.3% of yield to annual put date.

“We are satisfied with the results and particularly with the fact that we were able to place bonds with a lower limit of the range. Another positive sign from the market is that participants of the loan are more than 30 organizations. All these facts indicate steady demand for securities of SB Bank and investors’ confidence in us” – SB Bank CEO Andrey Egorov commented the results of bonds placement.