PRIME-TASS. Dig-Bank is making preparations to float 2-series convertible bonds for a total of Rub 60 mln, the lending institution’s press service reported. More precise, 60,000 2-year 2-series bonds with Rub 1,000.00 par value each are subject to placement via open subscription. The bonds carry 24 coupons.
The issuer set the coupon rate at 15%. Longer term, the bonds could be converted into common and preferred shares of the bank 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.
