March 20, 2017 |
Russia’s Otkritie Financial Corporation (FC) Bank plans to collect bids for 10 billion ruble 6-year exchange bonds on Wednesday, a banking source told PRIME on Monday.
The guidance for the first coupon rate is set at 10.3–10.5% annually, which corresponds to a 10.56–10.77% annual yield to a 3-year buyback offer. The issue carries semiannual coupons.
The technical placement is preliminary scheduled for Friday. The bank acts as the organizer.
The securities will be offered under a 100 billion ruble exchange bond program, registered in March 2015.
The bank now has eight issues of exchange and classic bonds totaling 57 billion rubles in circulation.
Emission: Otkritie Bank, BO-P03
|Status||Country of risk||Redemption (offer)||Volume||Emission Rating (M/S&P/F)|
Company: Otkritie Bank
|Full company name||Public Joint Stock Company Bank "Financial Corporation Otkritie"|
|Country of risk||Russia|
|Country of registration||Russia|