Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.

Otkritie Bank plans to place three-year bonds

Otkritie Bank plans to place three-year bonds
Photo: pixabay.com

Otkritie Bank is launching a three-year bond placement. This is the company's third deal on the public debt market, which is in line with the business plan. The collection of investor applications will last until September 21, calculations will be carried out on September 23.

According to the press service of Otkritie Bank, the volume of the new issue of the BO-P09 series will be at least 10 billion rubles with a circulation period of three years. Indicative yield - no more than 115 bp. to the zero-coupon yield curve of the Moscow Exchange for the corresponding period. The papers have semi-annual coupons. For the convenience of participation of investors - individuals, the possibility of submitting applications on the Moscow Exchange is provided. In total, there are 61 bonds in circulation of Otkritie Bank of various issues.

Otkritie Bank is a universal bank with a diversified business structure, one of the top 10 largest banks in Russia and the list of systemically important credit institutions approved by the Central Bank of the Russian Federation. The bank's reliability is confirmed by the credit ratings of the Russian agencies ACRA ("АА (RU)"), Expert RA ("ruAA"), NKR ("AA + .ru"), as well as international agencies Fitch ("BB +") and Moody's ("Ba2" ).

In June 2021, the Fitch rating agency assigned the bank long-term issuer default ratings in foreign and local currencies at 'BB +' with a stable outlook. The key factors behind this decision were the assessment of the likelihood of support for the bank by its shareholder - the Bank of Russia, as well as the systemic importance of Otkritie Bank.

The placement will take place on the Moscow Exchange, the bond issue is included in the first listing level. The issue meets the requirements for investment of pension savings and insurance reserves.

The organizers of the issue are Otkritie Bank, VTB Capital, Gazprombank, BC Region, Rosbank, MKB, Sovcombank. Technical underwriter - Otkritie Bank.

 

October 25: current information on coronavirus in the Far East
Digest of regional events and latest statistics