MSP Bank to collect applications for first series bonds worth 5 bln rubles on March 26-27
MOSCOW. March 20 (Interfax) - MSP Bank plans to collect investor applications for its first bond issue worth 5 billion rubles on March 26-27, Raiffeisenbank, which is one of the issue's organizers, said in materials.
The issue's technical placement on the MICEX is preliminarily slated for March 29. Applications for the 10-year bonds are being accepted by Raiffeisenbank, Gazprombank , and VEB Capital.
One bond comes to 1,000 rubles at face value.
The bond issue will mature over 10 years. The issue has a two-year offer for preterm buyback. The issue has semiannual coupon payouts. The first coupon guidance comes to 8.75%-9%, which corresponds to yield on the offer within 8.94%-9.2%.
It was earlier reported that this was the bank's first attempt to place a bond issue. MSP Bank collected investor applications at the start of February but the placement was delayed. The first coupon guidance for set at 8.75%-9.25% (yield on a two-year offer at 8.94%-9.46%).
Russia's Central Bank registered MSP Bank's first and second bond issues at the end of November 2011 each worth 5 billion rubles.
MSP Bank (RosBR) was founded in 1999. Vnesheconombank owns 100% in the bank.
MSP Bank was 47th biggest bank by assets in Russia for 2011 according to the Interfax-100 ranking, compiled by the Interfax Center for Economic Analysis.