Alfa-Bank narrows 1st coupon guidance on BO-08 bonds to 9%-9.5%
MOSCOW. Feb 21 (Interfax) - Alfa-Bank has narrowed the first-coupon rate guidance for its exchange bond series BO-08 to 9%-9.5%, bank materials say.
This represents yield to maturity of 9.21%-9.73% per annum.
Bids for the three-year bonds will be accepted until February 22. Initial rate guidance was 9.25%-9.75% p.a.
Technical placement of the 5 billion ruble issue will take place in open subscription on the MICEX Stock Exchange on February 26. The bonds carry six semiannual coupons and face value of 1,000 rubles.
The stock exchange admitted to trading during placement Alfa-Bank exchange bonds series BO-01-BO-12, which total 100 billion rubles. Series 01 and 02 are of 15 billion rubles each, 03-06 of 10 billion rubles each, and 07-12 of 5 billion rubles each.
Alfa-Bank currently has classic series-1 and 2 bonds (5 billion rubles each) and two exchange bond series totaling 15 billion rubles in circulation.
Alfa-Bank ended last year in 7th place by assets on the Interfax-100 ranking of Russian bank size.
