Bank Intesa to place 3 bln in exchange bonds
MOSCOW. Oct 2 (Interfax) - Bank Intesa plans to collect bids for its 3 billion ruble BO-01 exchange bonds issue from October 9, Sberbank CIB, the issue organizer, reported.
Book building will end on October 10. The bonds will be placed through open subscription on the MICEX Stock Exchange on October 16.
Guidance for first coupon yield with an offer in 18 months is 9.5%-10% per annum (yield of 9.73%-10.25%), with an offer in 2 years it is 9.75%-10.25% (yield of 9.99%-10.51%).
Coupons will be paid semi-annually.
The MICEX Stock Exchange registered 4 exchange bond issues for Bank Intesa in November 2011. Issues BO-01 and BO-02 will total 3 billion rubles each and BO-03 and BO-04 - 5 billion rubles each.
Bank Intesa has a third classic bonds issue on the market of 5 billion rubles.
Bank Intesa was ranked number 58 by asset value in the Interfax-100 review of Russia's banks for the first half of 2012.
