23 Mar 2012 18:49

Russian Standard Bank prices bonds at 9%

MOSCOW. March 23 (Interfax) - Russian Standard Bank set the first coupon on BO-02 exchange bond issue worth 5 billion rubles at 9% during book building, which closed on Friday, the bank said.

Guidance was lowered to 9%-9.25% from 9%-9.5%.

Raiffeisenbank, Rosselkhozbank and Troika Dialog organized the offering.

The technical placement of the three-year bonds on the MICEX is tentatively planned for March 27. The issue has put option after a year. The issue has semiannual coupon payouts.

The exchange admitted these bonds for placement in July 2011.

Russian Standard Bank was 27th biggest bank by assets in Russia for 2011 according to the Interfax-100, compiled by the Interfax Center for Economic Analysis.