Priorbank launches placement of 3 bond issues worth Br60bn
July 3, 2008 Interfax
OAO Priorbank launched a placement of 3 bond issues worth Br60bn (issues 5-7). The bonds are secured by the bank’s capital. Par value per bond is Br100,000. The 5th issue bonds yield 11.5%, yield for issues 6 and 7 are the CB refinancing rate + 1.5%. The 5th issue matures in 442 days; the 6th issue has a maturity of 654 days; the 7th issue matures in 1,172 days.
Company — Priorbank