Bank Otkritie and Raiffeisen Bank International, arrangers of Vneshprombank’s debut Eurobond issue, announced on Wednesday the deal was successfully closed.
The Eurobonds were placed at the end of last week, showed the materials of the issuer and the arrangers. The dollar-denominated Eurobonds will mature in three years. The Eurobond issue totaled $200 mln. The coupon period is equal to six months, and the coupon rate was set at 9%.
The order book was opened on November 6—7. During the placement over 60 orders were entered by investors from Europe, Asia and Russia. The Eurobonds were placed after a road show spanning Moscow, Zurich, Geneva, Frankfurt and London.
Vneshprombank’s debut Eurobonds were listed on the Irish Stock Exchange.
