Rosbank to place 3 bln rubles in 3 bond series
MOSCOW. Aug 9 (Interfax) - The board of directors at Rosbank decided yesterday in favor of the placement of structured exchange bond series BSO-01 to BSO-03 of 1 billion rubles each, Rosbank said.
These bonds, with set coupon yield and possible additional yield, mature in three years' time and have six coupon periods. They will be placed at face value on the MICEX Stock Exchange.
The bank's press service told Interfax that Rosbank would be releasing information on what the proceeds will be used for soon after the board meeting.
The bank already has 5 billion rubles worth of series-10 classic bonds in circulation, along with 5 billion rubles worth of A3 bonds and three exchange bond series (BO-01 to BO-03) totaling 20 billion rubles.
Rosbank ended the first half of 2012 in 10th place by assets on the Interfax-100 Russian bank size ranking.