Owners of 3 series of Otkritie Holding bonds agree to postpone offer - PRIME
October 31, 2017 Prime
Owners of the fifth and sixth series of Otkritie Holding’s bonds and of the first series of exchange bonds agreed to postpone offers on the issues in exchange for payment of 1 kopeck per security and signed a corresponding deal with the issuer, according to documents seen by PRIME late Monday.
The offer on the fifth series was earlier scheduled for May 14, 2018, for the sixth series for November 14, 2017 and for the exchange bonds for August 16, 2018.
The central bank announced bailouts of Otkritie FC Bank and B&N Bank on August 29 and September 21 respectively, and it is now the main owner of the banks under a new mechanism to provide support to large privately-owned banks in trouble.
(57.8716 rubles – U.S. $1)
Issue — Otkritie Holding, 05
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —
Company — Otkritie Holding
Full nameOtkritie Holding JSC