Demand for Zenit BO-05 bonds totals 9 bln rubles
MOSCOW. Feb 9 (Interfax) - Total demand for 3 billion rubles in BO-05 series exchange bond offered by the bank Zenit amounted to 9 billion rubles, a press release issued by the bank says.
The bank accepted bids for the three-year bonds on February 7. The rate on the first two bond coupons was set at 8.9% per annum. Technical placement on the MICEX Stock Exchange is slated for February 14.
On February 7, the bank placed BO-04 series bonds with the same parameters. Bids for those securities were accepted from January 23 to February 3. Demand for them also amounted to 9 billion rubles.
Initially, the indicative coupon rate on the BO-04 bonds was 9%-9.2% p.a., later it was lowered to 8.9%-9% p.a. Final guidance was 8.9%.
The bonds in both series have face value of 1,000 rubles and carry semiannual coupons.
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 of 5 billion rubles each.
Zenit ended 2011 in 24th place by assets on the Interfax-100 ranking of Russian bank size.
