Peresvet pays settlement to bondholders who agreed to restructuring on six issues
MOSCOW. April 27 (Interfax) - Peresvet Bank has paid out compensation on six bond issues, the holders of which earlier agreed to a restructuring, the Russian lender said.
Compensation has been paid on bond series BO-02, BO-03, BO-P01, BO-P02, BO-P03 and BO-P05.
Peresvet bondholders were asked to agree to a restructuring in early March, and the holders of six out of the bank's nine bond issues agreed to the main conditions.
Under the deal, Peresvet offered 2.58 rubles in compensation to holders of bond series BO-03; 3.87 rubles to holders of BO-02 series bonds; and 5.08 rubles to holders of BO-P01, BO-P03 and BO-P05 series bonds.
Peresvet also proposed to defer redemption of these bond issues to 2034-2036, depending on the issue. The bank proposed to set the coupon yield on these bonds at 0.51% per annum until redemption.
However, the holders of bond series BO-01 and BO-04 and Series 3 did not agree to the main terms of the restructuring. Peresvet began to pay the coupons on two of these issues, Series 3 and BO-01, on April 25.
Peresvet was Russia's 42nd largest bank by assets at the end of the third quarter of 2016, according to the Interfax-100 ranking of the country's lenders.