JSC “Toyota Bank” plans from 11:00 to 15:00 Moscow time on November 24 to collect applications for exchange bonds series BO-001Р-01 placed under the program. The technical placement of securities on the stock exchange is scheduled for 30 November 2017.
The benchmark rate of the 1st coupon is in the range of 7.95-8.20% APR, which corresponds to yield to maturity at the level of 8,11-of 8.37% per annum, said a source in the market.
The Bank placed under open subscription on 5 million bonds with a nominal value of 1,000 rubles each. Total issue volume at face value is 5 billion rubles. The bonds circulation period is 3 years.
To issue a guarantee, issued in accordance with Dutch law, from Toyota Motor Finance (Netherlands) B. V.
The organizers of the placement: JSC Raiffeisenbank, JSC ROSBANK. Placement agent – JSCB ROSBANK.
Earlier the Supervisory Council of JSC “Toyota Bank” approved the program of exchange bonds of series 001Р in the amount of 100 billion rubles or its equivalent in foreign currency. Bonds under the programme will be placed by public subscription for a period of 5 years. The duration of the program of exchange bonds is 10 years from the date of assigning identification numbers.