OREANDA-NEWS. June 26, 2014. Credit Europe Bank has successfully placed its series BO-18 bonds on the MICEX Stock Exchange.

The initial guidance for the 1st coupon was announced within the range of 11.50-12.00%. During book building the bank lowered the range twice. The final rate for the 1st coupon was 11.4% annually. Over 35 investor bids were received totaling RUB 7.6 bln.

In accordance with the conditions of the issue, the series BO-18 bonds are worth a total of RUB 5 bln and have a maturity of 3 years. The bonds have a put option after 1 year.

The funds raised from the placement will be used to carry out lending projects for clients of Credit Europe Bank and finance highly-effective investment projects.

The organizers of the bond issue are Sberbank CIB, Alfa-Bank, VTB Capital, and UniCredit Bank.