23 May 2011 17:30

Rosselkhozbank may place 10-yr subordinated Eurobonds with 5-yr call option

MOSCOW. May 23 (Interfax) - Rosselkhozbank (RSHB) may place ten-year subordinated Eurobonds with a five-year call option at face value this week, a source in financial circles told Interfax.

Of the call option is not exercised after the bonds are in circulation for five years, the coupon rate will be determined by the yield on five-year US Treasuries at the moment it is exercised and spread of 150 basis points.