OREANDA-NEWS. On 16 October 2014, BO-04 exchange-traded bonds of Otkritie Holding for the total nominal value of RUB 5bn were successfully placed. The issue matures in 3 years. The coupon period is 6 months. The terms and conditions of the issue provide for a midway put option.

The order book was open on 13 and 14 October 2014. The benchmark interest rate for the first coupon was within 12.50%-13.00% per annum (corresponding to a yield of 12.89%-13.42%).

The demand for the securities exceeded their total offer. Following book-building, the first coupon rate was set at 13.00% (a yield of 13.42%). The second and third coupon interest rates are equal to the rate of the first coupon and interest rates of subsequent coupons will be set by the issuer in accordance with the issue documents.

The bonds were placed via a public offering on the MICEX.

The depositary of the issue is the National Settlement Depository.

The issue has been included in the A list.

The issue was arranged by Otkritie Financial Corporation Bank OJSC.