Otkritie FC Bank Sets 5th Coupon Rate on Bonds Series
OREANDA-NEWS. Otkritie Financial Corporation Bank has set the 5th coupon rate on exchange-traded bonds Series BO-03 (Identification No. 4B020302209B dated 28 December 2011) at 10.9% p.a. or RUB 54.95 per bond. The amount payable on the 5th coupon totals RUB 274.75 million.
The 5th coupon payment will be made on 9th February 2015.
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), BO-05 (RUB 12 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.
In addition to its Russian bonds, Otkritie FC Bank has 4 outstanding Eurobonds issues, totalling USD 1.65 billion. These include a subordinated USD 350 million issue, maturing in 2015, placed in April 2010; a subordinated USD 500 million issue maturing in 2019, placed in April 2012; a senior USD 500 million issue maturing in 2018, placed in April 2013; and a subordinated USD 300 million issue maturing in 2019, placed in December 2012.
Founded in 1993, Otkritie Financial Corporation Bank is the parent company of Otkritie FC Banking Group which ranks first among Russian private banking groups and fifth among all other Russian banking groups by assets, according to the Interfax ranking (Interfax-Economic Analysis Centre based on RAS statements as at 1 April 2014). The Group's consolidated assets totalled RUB 1,446.8 billion; equity: RUB 136.9 billion (according to the IFRS statements as at 31 March 2014).
The Bank was given its current name - Otkritie Financial Corporation Bank - in June 2014 (previously, NOMOS-BANK).
Otkritie FC Banking Group runs an extensive network of regional branches consisting of 879 offices located in 57 economically important Russian regions (as of 31 March 2014.) A considerable part of the Group's business is concentrated in Moscow, Saint Petersburg, Tyumen region (including the Khanty-Mansi Autonomous District), Novosibirsk region, Khabarovsk region, Yekaterinburg, and Saratov.
Otkritie FC Banking Group offers a wide range of banking services to corporate, retail, and small business clients. The existing client base of Otkritie FC Banking Group includes 18,000 corporates, 141,800 small-business clients, and 3,200,000 individuals, including private banking clients (as of 31 March 2014.)
The Group has been assigned a Ba3 and a BB- rating by Moody's and Standard & Poor's respectively.
The principal shareholder of Bank Otkritie FC Bank is Otkritie Holding (74.9%). The Bank's securities are publicly traded on the Moscow Exchange and the London Stock Exchange (in the form of GDR.)
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