OREANDA-NEWS. January 17, 2012. In the course of December 29, 2011 exchange distribution, Otkritie Financial Corporation has successfully placed all of its Series 02 bonds totaling 5,000,000,000 rubles in nominal value. 13 transactions were closed within this placement.

The first coupon rate was established by the issuer in accordance with the resolution on the issue of bonds based on the results of building a bid book for the purchase of bonds at the rate of 10.75 % per annum. The first coupon rate range in the bids was 9.75-10.75% per annum. The total volume of submitted bids for the purchase of bonds is over 5 billion rubles. The interest rates on the second, third and fourth coupon were established as being equivalent to the first coupon rate. An offer at the 100% price is planned to be made 2 years after the commencement of the placement.

Otkritie Bank acted as the placement agent.

Parameters of the bonds placed:

Issuer: Otkritie Financial Corporation

Volume of issue: 5 billion rubles

Nominal value of each bond: 1,000 rubles

Form of issuance: bonds are issued in the form of inconvertible interest-bearing bearer certified securities with obligatory centralized storage

Circulation period: 1,820 days

State registration number: 4-02-14406-А of 08.12.2011

Mode of distribution: book-building, exchange distribution

Coupon payment frequency: twice a year

Lead manager and payment agent: Okritie Bank

Lead Co-Manager:  REGION Brokerage Company LLC