First coupon guidance for DeltaCredit's 09-IP mortgage bonds 9%-9.25%
MOSCOW. Dec 3 (Interfax) - Guidance for the first coupon of DeltaCredit Commercial Bank's 09-IP mortgage bond series worth 5 billion rubles has been set at 9%-9.25% per annum, reported RusBonds at Rosbank , which is organizing the deal.
This guidance corresponds to yield to a three-year offer of 9.2%-9.46% pa.
As reported, DeltaCredit opened the bid book for investors to acquire its at 11:00 a.m. Moscow time on December 3. Rosbank is taking applications until 5:00 p.m. on December 4. Technical placement under open subscription on the MICEX is tentatively scheduled for December 11.
The bonds have semi-annual coupons and a five-year circulation time.
This issue envisages the possibility of early redemption at the owner's request.
At present, DeltaCredit Bank has one exchange bond issue worth 4 billion rubles and two classical bond issues worth a combined 10 billion rubles in circulation.
DeltaCredit was Russia's 67th largest bank by assets at the end of Q3 2012, according to the Interfax-100 ranking.
