PRIME-TASS. Rusfinance Bank adopted a decision to place ten issues of exchange-traded bonds with par value of Rub 40 bln, the lending institution said in a press release.
In particular, the lending institution plans to come out with 4- to 13-series bonds, with 4- to 6-series bonds worth Rub 3 bln each, 7- to 10-series bonds worth Rub 4 bln each and 11- to 13-series bonds equal to Rub 5 bln each. The bonds will have a par value of Rub 1,000 each, will be offered via open subscription to mature in five years with semiannual coupon periods.
The bonds may be redeemed ahead of scheduled at the request of bondholders and at the issuer’s discretion.
At present, Rusfinance Bank has four outstanding issues of classical and six issues of exchange traded bonds with aggregate par value of Rub 20 bln.
Rosbank is the sole participant of Rusfinance Bank. Both banks, in turn, are part of Societe Generale Group, one of the largest financial groups in the Eurozone.
