Otkritie FC Bank Retires Its Series BO-2 Exchange-Traded Bonds
OREANDA-NEWS. On 20 October 2014, Otkritie FC Bank retired the 5,000,000 of its BO-2 Series exchange-traded bonds (Issue Identification No. 4B020202209B dated 10 November 2010).
The retirement took place in accordance with the relevant provision of the resolution to issue the securities.
Otkritie FC Bank's BO-2 Series exchange-traded bonds totalling RUB 5 billion were placed on 18 October 2011 at 100% of par value.
Currently, there is an outstanding issue of the Bank's classic bonds (Series 12; RUB 5 billion) and four issues of exchange-traded bonds: Series BO-03 (RUB 5 billion), Series BO-04 (RUB 5 billion), Series BO-05 (RUB 12 billion), and Series BO-06 (RUB 7 billion). All of the Bank's bond issues are traded on the MICEX CJSC Stock Exchange in the top-level quotation list. All of the Bank's bond issues are also 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 four outstanding Eurobond issues totalling USD 1.65 billion. A subordinated USD 350 million issue maturing in 2015 was placed in April 2010; a subordinated USD 500 million issue maturing in 2019 was placed in April 2012; a senior USD 500 million issue maturing in 2018 was placed in April 2013; and a subordinated USD 300 million issue maturing in 2019 was placed in December 2012.
Established in 1993, Otkritie Financial Corporation Bank is the parent company of Otkritie Banking Group that ranks first among Russia's largest private banking groups and fifth among all Russian banking groups by asset size according to the Interfax ranking (Interfax CEA based on RAS statements as at 1 July 2014). The Group's consolidated assets totalled RUB 1,396.6 billion; equity: RUB 141.8 billion (according to the IFRS statements as at 30 June 2014).
The group includes Otkritie Financial Corporation Bank, the Bank of Khanty-Mansiysk, Otkritie Bank and Novosibirsk Municipal Bank.
The Bank was given its current name - Otkritie Financial Corporation Bank - in June 2014 (previously, NOMOS-BANK).
Otkritie Financial Corporation Banking Group runs an extensive network of regional branches, consisting, as at 30 June 2014, of 866 sales outlets located in 57 economically significant Russian regions. 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 Financial Corporation Banking Group offers a wide range of banking services to corporate, retail, and small business clients. As at 30 June 2014, the client base of Otkritie FC Banking Group included 18,643 corporates, 138,201 small businesses, and 3.2 million individuals, including private banking clients.
The Group has been assigned a Ba3 rating by Moody's and a ВВ- rating by Standard & Poor's.
Otkritie Holding is the key shareholder of Otkritie FC Bank holding 74,9% of its shares. The Bank's securities are traded on the Moscow stock exchange.
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