SKB-Bank makes offer on first bond issue
3 July 2008 (09:23)
SKB-Bank managed to go through with its SKB-1 bond issue offer successfully. The bondholders could sell their bonds at a price that comprised 100% of their face value and get the coupon yield (determined by the bank for the fifth coupon period at 12.6% a year).
The volume of the bonds offered for retirement totaled to 238,312,000 RUR (based on their face value), which comes to less than a quarter of the issue. Most of these bonds were bought by the bank’s new investors.
SKB-Bank launched its bond issue on June 21, 2007. The volume of the issue came to 1 billion RUR; the bonds are to be in circulation for three years. The issue was coordinated by Uralsib.
The volume of the bonds offered for retirement totaled to 238,312,000 RUR (based on their face value), which comes to less than a quarter of the issue. Most of these bonds were bought by the bank’s new investors.
SKB-Bank launched its bond issue on June 21, 2007. The volume of the issue came to 1 billion RUR; the bonds are to be in circulation for three years. The issue was coordinated by Uralsib.
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