URBD to issue 10bn RUR worth of bonds in 2015
9 December 2014 (09:49)
December 9, 2014. The Ural Bank for Reconstruction & Development’s Board of Directors decided to go through with a bond issue. The bank expects to issue BO 10, BO 11, BO 12, and BO 13 series exchange-traded bond with the total face value of 10bn RUR, the UBRD’s press service reports.
The bond issues will all go into circulation in 2015.
BO 10 and BO 11 bond issues will amount to 2bn RUR each, whereas BO 12 and BO 13 bond issues will amount to 3bn RUR each. The face value per bond comes to 1,000 RUR.
The said bond issues will be special in that coupon payments will be made on a quarterly rather than the (previously adopted) semiannual basis. According to the UBRD Financial Institutions & Investment Services Director Vladimir Zotov, this will allow the bank to be more flexible in the management of these securities and to react to market challenges.
There are currently three ruble bond issues (BO 1, BO 5, and BO 8) already in circulation, with their total face value standing at 7bn RUR.
The bond issues will all go into circulation in 2015.
BO 10 and BO 11 bond issues will amount to 2bn RUR each, whereas BO 12 and BO 13 bond issues will amount to 3bn RUR each. The face value per bond comes to 1,000 RUR.
The said bond issues will be special in that coupon payments will be made on a quarterly rather than the (previously adopted) semiannual basis. According to the UBRD Financial Institutions & Investment Services Director Vladimir Zotov, this will allow the bank to be more flexible in the management of these securities and to react to market challenges.
There are currently three ruble bond issues (BO 1, BO 5, and BO 8) already in circulation, with their total face value standing at 7bn RUR.
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