OREANDA-NEWS. The book was opened on October 24-25 with initial coupon guidance 7.65-7.80%. High investors’ demand made it possible to set the coupon rate at the lower border of initial guidance — 7.65%. The book was closed with nearly two times oversubscription.
Bonds series BO-01 have 5 year tenor and 2 times per year coupon frequency. According to placement documents put option is available at 100% of par value after 2 years from the date of placement. Coupon rate for first 4 coupons set at 7.65%, next coupons will be determined by issuer. The issue fully meets CBR requirements for inclusion into the Lombard list.
S&P assigned long-term credit rating to the issue of BBB (international scale) and ruAAA (local scale). Fitch Ratings assigned a preliminary rating of BBB+ (international scale) and AAA (rus) (local scale).
The arranger of the issue was ZAO Raiffeisenbank.