Otkritie FC Bank Pais Off its Series 11 Bonds
OREANDA-NEWS. Otkritie FC Bank has paid off its Series 11 bonds (issue state registration number 40702209B dated 12 August 2008) and has made the coupon payment for the tenth coupon period.
The bondholders have been paid RUB 47.37 per bond (the coupon rate being 9.50% p.a.). The amount paid on the tenth coupon is RUB 236.85 million.
The total amount paid on all ten coupons is RUB 2,670.15 million.
Therefore, Otkritie FC Bank has fulfilled all of its obligations for its Series 11 bonds.
Currently, there is an outstanding issue of the Bank's classic bonds (Series 12; RUB 5 billion) and five issues of exchange-traded bonds Series BO-2 (RUB 5 billion), Series BO-03 (RUB 5 billion), Series BO-04 (RUB 5 billion), Series BO-05 (RUB 7 billion), and Series BO-06 (RUB 7 billion). All of the Bank's bond issues are traded on the MICEX Stock Exchange in the top-level quotation list and are included in the Lombard List and the List of Securities Accepted as Collateral for Direct Repo Transactions by the Bank of Russia (except for the exchange-traded Series BO-04 bonds).
In addition to its Russian bonds, Otkritie FC Bank has 4 outstanding Eurobond issues, totalling USD 1.65 billion: a subordinated USD 350 million issue, due to mature in 2015, was placed in April 2010; a subordinated USD 500 million issue, due to mature in 2019, was placed in April 2012; a senior USD 500 million issue, due to mature in 2018, was placed in April 2013; and a subordinated USD 300 million issue, due to mature in 2019, was placed in December 2012.
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