Nomos-Bank raises 6 bln ruble subordinated loan from Czech Republic's PPF Group
MOSCOW. Sept 27 (Interfax) - Nomos-Bank has signed an agreement to raise a 6 billion subordinated loan from its shareholder Russian Finance Corporation, which represents the interests of Czech Republic's PPF Group, the Russian bank said in a statement.
The loan is slated for payment in 2021
Nomos-Bank submitted an application with Russia's Central Bank for including this subordinated loan in its equity calculation.
Nomos-Bank plans to carry out a five-year call-option in October for $125 million in 10-year subordinated Eurobonds. The bonds will be replaced by 6 billion rubles in subordinated loan funds slated for payment in 2021. The bonds have 20 semiannual coupon payouts. The rate for coupons one through ten was set at 9.75% and coupons 11 through 20 - 7.53%.
The bank held an IPO in mid-April 2011 in which it placed 22% of its boosted charter capital prior to realizing an option for oversubscription. The bank's shareholders raised $718 million through the IPO.
The bank's main beneficiaries at present are ICT co-owner Alexander Nesis (17.54% of voting shares), Nikolai Dobrinov (7.11%) and Alexei Gudaitis (15.88%). Bank CEO Dmitry Sokolov and his predecessor Igor Finogenov, each have 3.9%.
Czech billionaire Petr Kellner's PPF Group controls 26.53% of voting shares.
Nomos-Bank was 14th biggest bank in Russia by assets at the end of the first half of 2011 according to the Interfax-100 ranking, compiled by the Interfax Center for Economic Analysis.