1st coupon rate 9.25% on Globex exchange bonds
MOSCOW. Feb 16 (Interfax) - The rate on the first coupon on Globex's 5 billion-ruble BO-01 series of exchange bonds is 9.25% pa per the placement auction on Tuesday, Globex said.
The guide rate for the coupon was announced at 9.75%-10%. Those involved in the placement syndicate subscribed at a 1st-coupon rate of 9.8% pa. Demand for the bonds was approximately twice the volume issue.
The bonds are to circulate for three years, with an annual offer to redeem the bonds at their 1,000 ruble face value. They carry semiannual coupons.
The joint placement organizers were Promsvyazbank and Globex itself.
Globex ended 2009 in 50th place by assets on the Interfax-100 ranking of Russia's biggest banks.