Koltso Urala Pays 1st Coupon Yield

Bank Koltso Urala paid the coupon yield on the first coupon period of its 01 Series bonds. The bondholders were paid 57.66 RUR per bond, with the coupon interest rate set at 11.5% a year. The total coupon yield paid amounted to 57.66m RUR, the bank’s press service reports.

Bank Koltso Urala went through with its first bond issue (01 Series, total face value 1bn RUR) on April 27, 2012. The bonds are to be in circulation for 2 years (1,098 days), with the offer to buy them at 100% of face value in one year’s time. Promsvyazbank acted as the underwriter for the issue. In October 2012, the bank’s bonds were listed at stock exchanges and included in MICEX quotation list B.

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