UniCredit Bank lowers 1st coupon guidance on BO-06,-07 bonds to 8.6%-8.7%
MOSCOW. Feb 8 (Interfax) - CJSC UniCredit Bank has lowered the rate guidance for the first coupon of its BO-06 and BO-07 bonds to 8.6%-8.7% per annum, the bank, which is jointly organizing the deal with Promsvyazbank , said in a statement.
This new guidance corresponds to yield to maturity of 8.79%-8.89% pa.
At the start of book building, guidance for the first coupon was 8.7%-8.9% pa, which corresponded to yield to maturity of 8.89%-9.1% pa. The issue has six semiannual coupons. Face value is 1,000 rubles per bond.
UniCredit will place the bonds in the form of book building under open subscription on the MICEX Stock Exchange. Applications are being accepted until 3:00 p.m. Moscow time on February 8.
Technical placement on the MICEX Stock Exchange is scheduled for February 14.
Originally, UniCredit was just going to place its BO-06 bonds, but before book building
it decided to increase the placement volume, adding its BO-07 bonds to marketing. The issues are worth 5 billion rubles each and will circulate for three years.
The issues meet the requirements for inclusion in the Central Bank of Russia's Lombard list.
The MICEX Stock Exchange admitted UniCredit's BO-01 through BO-10 bonds, worth 50 billion rubles total, to trade during placement in September 2011.
At present, UniCredit has 15 billion rubles worth of its fourth and fifth classical bonds issues, five exchange bond issues worth 25 billion rubles and one mortgage bond issue worth 5 billion rubles in circulation.
UniCredit was Russia's eighth largest bank by assets at the end of 2012, according to the Interfax-100 ranking.
