OREANDA-NEWS. November 30, 2012. The Department for Licensing and Financial Restructuring of Credit Institutions of the Central Bank of the Russian Federation approved the state registration of Otkritie Bank’s bond issue, reported the press-centre of Otkritie Bank.    

The issue was assigned state registration number 40102179В.

Otkritie intends to issue 3mln certificated interest-bearing non-convertible Series 01 bearer bonds, all of which are subject to mandatory centralised custody. Each bond will have a par value of RUB 1,000, with the par value of the issue amounting to RUB 3bn. The bonds will mature in 1,820 days.

The bonds will allow for early redemption at a holder’s request and may also be called in by the issuer or at a holder’s request.

The issue is intended to lay foundation to Otkritie Bank’s public credit record, raise funds to finance its core operations, and diversify its funding sources.