UBRD Announces Buy-Back Offer on BO 05 Bonds
7 June 2017 (13:17)
UrBC, Yekaterinburg, June 7, 2017. The Ural Bank for Reconstruction & Development (UBRD) announced an unscheduled buy-back offer on its BO 05, ISIN RU000A0JTVE3 bonds. The bank promises to buy the bonds back from any holder on June 8, the bank’s press service reports.
The BO 05 series (coupon period: 182 days; face value: 2bn RUR all in all) was issued on April 19, 2013, with circulation period through April 10, 2020. The bank also went through with an additional 1bn RUR share issue of the same series in September 2016.
The decision relating to the buy-back offer was taken by the bank’s Board of Directors. The UBRD promises to buy the bonds at 100% of their face value as well as to pay out the accumulated coupon yield.
According to the bank’s Finance Markets Director Vladimir Zotov, the URBD isn’t planning to have the bonds in circulation any longer, as most of the issue has by now been consolidated in the possessions of UBRD Group’s VUZ Bank.
The BO 05 series (coupon period: 182 days; face value: 2bn RUR all in all) was issued on April 19, 2013, with circulation period through April 10, 2020. The bank also went through with an additional 1bn RUR share issue of the same series in September 2016.
The decision relating to the buy-back offer was taken by the bank’s Board of Directors. The UBRD promises to buy the bonds at 100% of their face value as well as to pay out the accumulated coupon yield.
According to the bank’s Finance Markets Director Vladimir Zotov, the URBD isn’t planning to have the bonds in circulation any longer, as most of the issue has by now been consolidated in the possessions of UBRD Group’s VUZ Bank.
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