OREANDA-NEWS. April 19, 2012. The order book was closed for acquiring Bank Centre-Invest’s series BO-02 bonds with a nominal value of 1.5 bln RUB and a maturity date 3 years (1,092 days) after placement. The bonds envisage a put option 1 year after the sale. Bank Center-Invest will use the proceeds from this placement to implement its Strategy for Modernisation Southern Russia’s Small and Medium-sized Enterprises and Public Lending.

In the course of book building, 17 investor bids were placed. Total demand for the series BO-02 bonds equalled 1.7 bln RUB. The annual coupon rate for the bonds was set at 9.70%

The placement was organised by Troika Dialog and Citibank.

Despite the unstable situation on the debt market, the credibility of the issuer and organisers made the issue a success.

Settlements under the deal will take place upon placement of the bonds on the MICEX stock exchange on April 19, 2012.

Bank Center-Invest is a major regional bank based in the south of Russia and offers a comprehensive range of services for corporate, retail and the business customers of the Southern Federal District in accordance with international standards for modern banking technologies. It concentrates more than one third of local banks’ total capital, over 40% of assets, loans and deposits.

Bank Center-Invest has an expanded branch network consisting of more than 140 offices in the Rostov, Volgograd, Krasnodar and Stavropol Regions, as well as a representative office in Moscow and London.

The reliability of Center-Invest is confirmed by high ratings assigned by the leading ratings agency Moody’s Investor's Service. Moody’s Investor's Service assigned the bank a Ba3 international credit rating for its long-term deposits in foreign currency. On a national scale, Moody's Interfax Rating Agency assigned the banking a long-term Аа3 credit rating.