Demand for series BO-04 bond of UniCredit Bank is more than three times the amount on offer

Demand for series BO-04 exchange bonds UniCredit Bank is more than three times the size of the issue: the issuer is increasing the offering to RUR 10 bln, according to the bank's press release. On October 23, 2012 UniCredit Bank closed the book on BO-04 bonds totalling RUR 5 bln at face value. Investors submitted 57 bids with the first coupon rate range of 8.95% to 9.20% per annum to 2-year offer. The demand totalled almost RUR 20 bln. Initial rate guidance was 9.20%-9.50% per annum. During book-building the guidance was lowered to 9.00%-9.20% per annum. As a result, the first coupon rate on the bonds was set at 9.10% p.a.; the rates on coupons 2 through 4 are equal to the first coupon. Effective yield to 2-year offer is 9.31% per annum. Public offering on MICEX is scheduled for October 26, 2012. UniCredit Bank was the arranger, while Promsvyazbank is the lead co-arranger. The syndicate also included underwriters: Khanty-Mansiysk Bank, Joint-Stock Bank Rossiya, Sobinbank, Veles Capital Investment Company, Project Financing Bank, GLOBEXBANK, Brokerage Company REGION, UBS Bank, RONIN, Svyaznoy Bank, Lanta-Bank; co-underwriters: NOVIKOMBANK, First United Bank.

• Status
  redeemed
• Country of risk
  Russia
• Redemption (put/call option)
  *** (***)
• Amount
  5,000,000,000 RUB
• М/S&P/F
  — / — / —