February 19, 2013 13:26
First coupon guidance for UniCredit Bank's BO-08, BO-09 bonds 8.1%-8.3%
MOSCOW. Feb 19 (Interfax) - CJSC UniCredit Bank has set the first-coupon guidance for its three-year BO-08 and BO-09 exchange bonds worth 10 billion rubles at 8.1%-8.3% per annum, the bank, which is independently acting as the organizer and underwriter of the deal, reported.
This guidance corresponds to yield to a two-year offer of 8.26%-8.47% pa.
Book building kicked off at 12:00 p.m. Moscow time on Tuesday, February 19, and will last until 5:00 p.m. on February 20.
Technical placement under open subscription on the MICEX Stock Exchange is scheduled for February 26.
The issues are worth 5 billion rubles each, with face value of 1,000 rubles per bond. Both issues have six semiannual coupons.
In the middle of February, UniCredit Bank placed 10 billion rubles in its BO-06 and BO-07 bonds. At the start of book building, guidance for the first coupon was 8.7%-8.9% per annum, but it was later lowered. BO-06 and BO-07 have a first coupon rate of 8.6% pa.
The MICEX Stock Exchange admitted UniCredit Bank's BO-01 through BO-10 bonds, worth 50 billion rubles total, to trade during placement in September 2011.
At present, UniCredit Bank has 15 billion rubles worth of its fourth and fifth classical bonds issues, five exchange bond issues worth 25 billion rubles and one mortgage bond issue worth 5 billion rubles in circulation.
UniCredit Bank was Russia's eighth largest bank by assets at the end of 2012, according to the Interfax-100 ranking.
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