Novikombank sells Series BO-04 bonds worth RUB 2bn
October 11, 2012
Novikombank sold RUR 2bn in Series BO-04 bonds on October 11. The MICEX registered 34 transactions with the bonds. Yield at pricing stood at 10.51%. The order book was open from October 4 till October 10, 2012. Initial coupon guidance stood at 10.00%-10.50%. It was then narrowed to 10%-10.25%. 38 investors placed orders in the range 9.75%-10.5%, including commercial banks, investment companies and asset managers. The order book was almost 2 times oversubscribed; coupon 1 was set at 10.25%. The RUB 2bn issue has a 1-year put option. Coupon 2 equates to coupon 1. Coupons will be paid semi-annually.
The syndicate included:
Arrangers: Promsvyazbank, VTB Capital, Rosbank;
Co-arrangers: IC Veles Capital, Globexbank, Ingosstrakh-Investments Asset Management, SME Bank;
Underwriters: Avangard Bank, Avers Bank, Eurocitibank, International Development Bank, Metcombank (Cherepovets), RMB, RONIN;
Co-underwriters: Alta-Bank, Commerts Investments, NIKO-Bank, IC Sparta-Finance, Expert Bank.
Issue — NOVIKOMBANK, BO-04
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —
Company — NOVIKOMBANK
Full nameJSCB “NOVIKOMBANK”