Soyuz Bank readying 6th and 7th bond issues worth a combined 4 bln rubles
MOSCOW. Oct 1 (Interfax) - The supervisory board at Soyuz Bank has decided on the placement of the bank's sixth and seventh bond series worth a combined 4 billion rubles, the bank said in a statement.
Each issue comes to 2 billion rubles and will be placed by open subscription. The bonds will mature for five years. Each bond comes to 1,000 rubles at face value.
The bonds have an option for preterm redemption on the request of bondholders and at the issuer's discretion.
The bank currently does not have any bond issues in circulation.
The shareholders in the bank include Russia's Deposit Insurance Agency (DIA) with 50% plus one share, and BasEl-controlled Ingosstrakh with 50% minus one share.
Soyuz Bank was 60th biggest bank by assets in Russia for the first half of 2012 according to the Interfax-100 ranking, compiled by the Interfax Center for Economic Analysis.