First coupon rate for Gazprombank's BO-03 10 bln ruble bonds comes to 8.5%
MOSCOW. Jan 30 (Interfax) - Gazprombank has set the first coupon rate for exchange bond series BO-03 worth 10 billion rubles at 8.5% through book building, the bank said in a statement.
The bank accepted investor applications between January 24 and 27. The technical placement is slated to take place on the MICEX Index on February 1.
The three-year issue has a two-year offer for preterm buyback at face value. The bonds have semiannual coupons. The guidance for the first coupon came to 8.5%-8.75%, which corresponds to a yield on the offer at 8.68%-8.94%.
The MICEX admitted 50 billion rubles in Gazprombank exchange bonds to trading in May 2010. The face value of one bond was 1,000 rubles.
In December 2010, the bank placed BO-01 series bonds with a coupon rate of 7.75% per annum. The bank placed 10 billion rubles worth of BO-02 bonds with a 6.75% rate this past July. In December, Gazprombank placed BO-04 bonds at a rate of 8.5%.
Gazprombank was third biggest bank by assets in Russia for 2011 according to the Interfax-100 ranking, compiled by the Interfax Center for Economic Analysis.