The benchmark rate of the 1st coupon on bonds “agricultural Bank” series BO-02P reduced to 8.60-8.90% per annum, which corresponds to yield to maturity at the level of 8.78-9.10% APR, said a source in the market.
The original indicative rate of the 1st coupon was announced in the range of 8.70-8.95% per annum, which corresponds to yield to maturity at the level of 8.89-9.15% per annum.
The bookbuilding for the bonds scheduled for release on 14 June 2017. The technical placement of securities on the stock exchange is scheduled for June 26, 2017.
The planned volume of placement – not less than 10 billion. The maturity of 4 years.
The issue meets the requirements for inclusion in the Lombard list of the Bank of Russia, according to the materials to investors.
Bonds of the issue placed in the framework of the program of exchange bonds of series 001Р totaling up to 500 billion rubles or its equivalent in foreign currency. Earlier in the programme, the Bank raised 10 billion.