RusAg to collect bids on at least 10 bln rubles in bonds on Feb 28; rate guidance - 7.4%-7.6%
MOSCOW. Feb 19 (Interfax) - Russian Agricultural Bank (RusAg) will collect bids from investors for at least 10 billion rubles in Bo-05P exchange-traded bonds on February 28 from 11:00 a.m. until 4:00 p.m. Moscow time, a source in banking circles told Interfax.
The rate guidance for the first coupon is 7.4%-7.6% annually, corresponding to a yield to maturity in four years of 7.54%-7.75%.
RusAg itself is the organizer and placement agent.
Technical placement of the bonds is planned for March 14.
The bonds are being placed under the exchange-trade bond program totaling up to 500 billion rubles registered in June 2016. The program may place bonds with maturities up to 30 years. The program runs for 50 years.