UBRD goes through with 2bn RUR bond issue
23 April 2013 (17:52)
April 23, 2013. Last Friday, April 19, the Ural Bank for Reconstruction & Development went through with the offering of its BO-05 bond issues worth a total of 2bn RUR. The bonds will be in circulation for seven years from the date of offering, with a year’s offer provided for, the bank’s press service reports.
The UBRD accepted the bids for the bonds on April 10-17, 2013 in the book-building format. The BO-05 issue was coordinated by Promsvyazbank and Nomos Bank.
79 deals were landed with primary investors during the offering per se, which means this issue is of a market nature and good liquidity can be expected during the secondary market offering. In fact, the initial demand exceeded the supply considerably and came to over 5bn RUR, which was why the first coupon’s interest rate was reduced from the 11.15-11.65% range down to the lower limit.
The UBRD accepted the bids for the bonds on April 10-17, 2013 in the book-building format. The BO-05 issue was coordinated by Promsvyazbank and Nomos Bank.
79 deals were landed with primary investors during the offering per se, which means this issue is of a market nature and good liquidity can be expected during the secondary market offering. In fact, the initial demand exceeded the supply considerably and came to over 5bn RUR, which was why the first coupon’s interest rate was reduced from the 11.15-11.65% range down to the lower limit.
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