Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Tuesday, August 22, 2017

Nomos Bank and Raiffeisen bank organize placement of bond issue

Nomos Bank and ZAO Raiffeisenbank have successfully completed a secondary public bond issue RVK-Finance series 03.

The second placement's volume was determined by the submission to the offer of bonds on Nov. 14 and amounted to $55,568,808, with a nominal output of $90 million. It has a maturity date of Sept. 11, 2015, and is rated BB- by Fitch.

The order book was opened on Oct. 20 from 10:30 a.m. to 5:00 p.m.

The bond had a secondary offering price without accrued interest amounting to 100 percent and corresponding to a yield of 9.83 percent per annum. The series 03 bonds had a demand exceeding the amount of accommodation and amounting to more than $60 million. The issuer decided to accept 17 orders of investors.

The coupon rates were set to mature at a rate of 9.60 percent per annum with a period of six months. The secondary offering of bonds was held on Nov. 21 by public subscription in the use of trade and settlement systems on the MICEX Stock Exchange.