Zenit Bank to hold auction for placement of BO-07 bonds worth 5 bln rubles on April 12
MOSCOW. March 28 (Interfax) - Zenit Bank plans to place exchange bond series BO-07 worth 5 billion rubles on April 12, the bank said in a statement.
The bank will place the three-year bonds on the MICEX by open subscription.
The placement will take place through a tender for setting the first coupon.
The first coupon guidance was set at 9.25%-9.5%, the bank said in its materials. The guidance corresponds to a yield one a two-year offer of 9.46%-9.73%.
Each bond comes to 1,000 rubles at face value.
The MICEX on April 1, 2011, admitted Zenit Bank's exchange bond issues BO-04 through BO-08 to during placement without listing. BO-04 and BO-05 each amount to 3 billion rubles while BO-06 through BO-8 each are 5 billion rubles.
The bank currently has six exchange bonds in circulation worth a combined 24 billion rubles, as well as two classic bond issues worth 8 billion rubles.
Zenit Bank was 24th biggest bank by assets in Russia for 2011 according to the Interfax-100 ranking, compiled by the Interfax Center for Economic Analysis.