30 June 201712:43
UBRD Makes Payment on 9th Eurobond Coupon
UrBC, Yekaterinburg, June 30, 2017. The Ural Bank for Reconstruction & Development (UBRD) made payments on the 9th coupon of its Eurobond issue ($4.08m altogether, with coupon yield at $60 per share in the last six months).
According to the bank’s press service, the coupon yield for the bank’s UBRD Capital Limited bonds was set at 12% a year, with payments to be made twice a year. The next coupon payment will be made at the end of December 2017.
The bank went through with its subordinated bond issue on June 27, 2013; the bonds are to be in circulation for 5.5 years, with face value at $1,000 per bond and total amount at $68m.
The entire procedure was carried out through an ad hoc body called UBRD Capital Designated Activity Company (Ireland) and co-managed by BCP Securities, BNP Paribas, and Sberbank CIB. The money was directed to the bank’s own funds.
The redemption date was set at December 27, 2018.
According to the bank’s press service, the coupon yield for the bank’s UBRD Capital Limited bonds was set at 12% a year, with payments to be made twice a year. The next coupon payment will be made at the end of December 2017.
The bank went through with its subordinated bond issue on June 27, 2013; the bonds are to be in circulation for 5.5 years, with face value at $1,000 per bond and total amount at $68m.
The entire procedure was carried out through an ad hoc body called UBRD Capital Designated Activity Company (Ireland) and co-managed by BCP Securities, BNP Paribas, and Sberbank CIB. The money was directed to the bank’s own funds.
The redemption date was set at December 27, 2018.