Russian Standard Bank placed BO-03 and BO-04 bonds totalling RUR 6 bln.

February 28, 2013 - Cbonds


Russian Standard Bank placed bonds of series BO-03 and BO-04 in amount of RUR 6 bln. On the day of placement on MICEX there were 122 deals with BO-04 bonds and 40 deals with BO-03 issue. As previously reported, the Russian Standard set the first coupon rate on BO-03 bonds at 9.8% p.a., and at 10% on BO-04 issue. The size of each 3-year issue is RUR 3 bln. Initial first coupon guidance on BO-03 issue was 9.4%-9.9% p.a.; guidance on BO-04 issue was 9.65%-10.15% p.a. During book-building, the coupon guidance on BO-03 bonds was narrowed to 9.4%-9.8% p.a., and on BO-04 to 9.65%-10% p.a.
Issuer, issue numberRussian Standard Bank, BO-03
Type of debt instrumentDomestic bonds
Issue statusredeemed
Type of placementPublic
Par, currency of issueRUR 1,000
Registration date04/24/2012
State registration number4B020302289B
Start of placement02/27/2013
End of placement02/27/2013
Date of circulation start02/28/2013
Initial issue price100
Yield at pricing10.04
CouponCoupons 1-3 - 9.8%, coupons 4-5: 11.5%, coupon 6: 14%
Coupon frequency2 time(s) per year
Settlement date02/27/2013
Maturity date02/27/2016
Issue ManagersArrangers - VTB Capital, Raiffaisenbank, Promsvyazbank
Co-arrangers - GLOBEXBANK, Megatrustoil, NOMOS-BANK, Uralsib Management Company
Underwriters - Avangard, BCS IB, Bank Zenit, CREDIT EUROPE BANK, Natsinvestprombank, KB Citibank
Trading floorMoscow Exchange, RU000A0JTPJ4 (Second level, 07/04/2013)
Issuer: Russian Standard Bank
Issuer profile:
Russian Standard Bank is one of the leading consumer lenders in Russia and one the country’s most profitable privately held banks, offering world-class products and services to a broad range of custo... more
Outstanding issues:
2 issuesUSD976,000,000
Issuer rating:
Moody's Investors ServiceCaa2/NegativeLT- foreign currency11/06/2015
Moody's Investors ServiceCaa2/NegativeLT- local currency11/06/2015
S&P Global RatingsCCC+/NegativeForeign Currency LT10/29/2015
S&P Global RatingsCCC+/NegativeLocal Currency LT10/29/2015
S&P Global RatingsruBB-/LT National Scale (Russia)10/29/2015
Fitch RatingsWithdrawn/LT Int. Scale (foreign curr.)07/17/2015
Fitch RatingsWithdrawn/National Scale (Russia)07/17/2015
Fitch RatingsWithdrawn/LT Int. Scale (local curr.)07/17/2015
Moody's Interfax Rating AgencyWithdrawn/National Scale (Russia)03/18/2016
RusRatingWithdrawn/International scale09/03/2015
RusRatingWithdrawn/National scale (Russia)09/03/2015
National Rating AgencyWithdrawn/National scale (Russia)05/14/2015