11 Oct 2011 19:27

Otkritie Financial Corporation to offer 5 bln rubles in bonds

MOSCOW. Oct 11 (Interfax) - Russia's Otkritie Financial Corporation plans to offer 5 billion rubles in series 1 bonds at auction on October 18, the company said in a press release.

The corporation will place 3-yearbonds with face value of 1,000 rubles through open subscription on the MICEX Stock Exchange. Early redemption is not envisaged for the bonds.

Coupons will be paid semi-annually.

It was reported earlier that Otkritie planned to offer 3 billion to 5 billion in bonds in the fall.