PromSvyazCapital to prepare bonds for 10 bln rubles
MOSCOW. Nov 17 (Interfax) - JSC PromSvyazCapital has confirmed the parameters for an issue of exchange-traded, BO-P01 series bonds for 10 billion rubles, the issuer said in a statement.
The notes will mature in 10 years. It is planned to place the bonds according to an open subscription with the possibility of early repayment at the demand of bondholders and early repayment at the review of the issuer.
The par value of one bond is 1,000 rubles.
The bond issue is being prepared in the framework of exchange-traded 001P series bonds for 40 billion rubles. The Moscow Exchange registered the bond program in July under the registration number 4-44790-H-001P-02E.
The program does not have a fixed term. The bonds will mature in 10 years.
PromSvyazCapital placed a debut bond issue in April. The rate for the first coupon of the 10 billion rubles in bonds as set at 13% per annum. The rates of the second-fourth coupons will equal the Central Bank's key rate effective on the fifth day after the date corresponding to the start of the coupon period, plus 2 percentage points.
The bonds will have a put option after two years, plus an option for providing a guarantee from Promsvyaz Capital B.V.
PromSvyazCapital is the financial arm of the PromSvyazCapital group, which unites three Russian banks: Promsvyazbank, Vozrozhdenie Bank and Pervobank (Samara).