“Sovcombank” for the collection of applications has established the rate of the 1st coupon on bonds series BO-05 in the amount of 8.90% per annum, the Bank said. The rate 2-go the coupon is equal to the rate of the 1st coupon.
The technical placement of securities on the stock exchange held on 7 December 2017.
The Bank placed under open subscription of 10 million bonds with a nominal value of 1,000 rubles each. Issue volume at face value is 10 billion. A maturity of 10 years exhibited an annual offer.
During premarketing the Bank proposed the issuance of bonds of series BO-02 with a volume of 5 billion rubles. Indicative rate of the 1st coupon was announced at the level of 9.25-9.50% APR, which corresponds to the yield to the offer of 9.46-9.73% APR.
“Investors have shown considerable interest in the bond issue. As a result of acquisition of the order book, the aggregate demand for bonds Sovcombank amounted to about 14 billion rubles, which is 2.8 times exceeded the originally planned amount of loan. In total, the book received about 40 applications from a wide range of investors, including banks, asset managers, investment and insurance companies, and private investors – physical persons”, – reported the press service of the credit institution.