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Wednesday, January 16, 2019

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.