Rosbank sets price of 3.6 bln rubles in secondary bond placement at 96.6% of face value
MOSCOW. Feb 6 (Interfax) - Rosbank has set the price of its secondary A3-series bond placement totaling 3.6 billion rubles at 96.6% of the face value of 1,000 rubles per bond, a source on the financial market told Interfax.
The price corresponds to a yield to maturity of 9.22% per annum.
Applications to acquire Rosbank bonds were accepted from January 31 to February 2. The bonds were placed on the MICEX on February 3.
The guidance price for the placement was established in the range of 96.34%-96.94% of face value, which corresponds to yield to maturity of 9%-9.4% per annum.
Rosbank placed four-year A3 bonds under open subscription on the MICEX in November of 2009. The initial issue was worth 5 billion rubles, and the face value of one bond was 1,000 rubles.
In May of last year, the bank bought up 51.5% of the issue for 2.6 billion rubles in the framework of a buyback.
The rate for the first coupon was set at 12% per annum (with the same rate for the second and third coupons). The fourth-eighth coupons had a rate of 6.9% per annum.
The bonds mature on November 6, 2013.
In September 2009, the Central Bank of Russia (CBR) registered Rosbank A1-A6 series bonds totaling 5 billion rubles each, with a circulation period from three to five years. All of the bonds were secured by a guarantee of LLC Commercial Investments. In the time allotted, Rosbank placed only the issues A3 and A5. The rest of the issues were annulled.
At the moment, Rosbank has A3 and A5 bonds worth 5 billion rubles each in circulation, as well as exchange bonds of three series totaling 20 billion rubles.
Rosbank was Russia's ninth largest bank by assets at the end of 2011, according to the Interfax-100 ranking.
