PRIME-TASS. On May 26, 2009 Dig-Bank (Vladikavkaz) is to launch the placement of 2-series bonds worth Rub 60 mln, the lending institution’s press service reported. The lending institution is making preparations to float via open subscription 60,000 2-year 2-series bonds with Rub 1,000.00 par value each. The bonded loan bears 24 coupons and passed state registration under entry # 40202423V on April 1, 2009.
The issuer set the coupon rate at 15%. Subsequently, the bonds could be converted into the bank’s common and preferred shares at the ratio of one bond with Rub 1,000.00 par value to 15 common registered non-documentary shares with Rub 50.00 par value each and 5 preferred shares with Rub 50.00 par value each.
