Russian Tinkoff Bank
has lowered the first coupon guidance for 5 billion ruble exchange bonds to 9.65-9.75% annually, a banking source told PRIME on Friday.
The new coupon guidance corresponds to a 9.88-9.99% annual yield to a 2-year buyback offer.
The issue carries semiannual coupons. The technical placement is scheduled for April 28.
Sberbank CIB and Sovcombank act as the placement’s organizers.
|Issuer, issue number||Tinkoff Bank, 001P-01R |
|Type of debt instrument||Domestic bonds |
|Issue status||outstanding |
|Type of placement||Public |
|Par, currency of issue||RUR 1,000 |
|Registration date||04/26/2017 |
|State registration number||4B020102673B001P |
|Start of placement||04/28/2017 |
|End of placement||04/28/2017 |
|Date of circulation start||04/28/2017 |
|Initial issue price||100 |
|Yield at pricing||9.88 |
|Coupon||Coupons 1-4: 9.65%, coupons 5-10 - set by the issuer |
|Coupon frequency||2 time(s) per year|
|Settlement date||04/28/2017 |
|Maturity date||04/22/2022 |
|Issue Managers||Bookrunner: Sberbank CIB, Sovcombank, Russian Agricultural Bank
Bondholders Representative: Region Finance
Joint Book-Running Manager: RosEvroBank |
|Trading floor||Moscow Exchange, RU000A0JXQ85 (Second level, 04/28/2017) |
|Tinkoff Credit Systems is a bank specializing in consumer lending. The bank operates in all Russian regions.|