OREANDA-NEWS.  July 24, 2014. Otkritie FC Bank, rated Ba3 by Moody’s and BB- by S&P, has successfully placed an additional issue of its own exchange-traded bonds series BO-05 with a nominal value totalling RUB 5.0 billion.

The issue has been placed in addition to the previously placed exchange-traded bonds of the same issue with a nominal value totalling RUB 7.0 billion. An offering is scheduled for 7 July 2015.

The book was opened from 11:00 am to 04:00 pm on 14 July 2014. Without accumulated coupon interest, prices ranged from 100.10 to 100.00%, offering yield being 10.67% 10.79%.

The aggregate demand for exchange-traded bonds series BO-05 amounted to RUB 6,180 billion.

After closing the book, the additional issue of exchange-traded bonds series BO-05 was priced at 100% of the nominal value.

Coupon 3 and coupon 4 rates were set at 10.50% per annum with the coupon period of six months.

The exchange-traded bonds were offered publicly via MICEX settlement systems.

35 investor bids were accepted.

The depositary of the issue is NKO NRD CJSC.

The issue is included in the Lombard List of the Bank of Russia and the Tier 1 Quotation List.

Currently, there is an outstanding issue of the Bank’s classic bonds (series 12; RUB 5 billion) and five issues of exchange-traded bonds series BO-2 (RUB 5 billion), BO-03 (RUB 5 billion), BO-04 (RUB 5 billion), BO-05 (RUB 7 billion), and BO-06 (RUB 7 billion). All of the Bank’s bond issues are traded on the MICEX Stock Exchange in the highest-tier quotation list and included in the Lombard list and the list of securities accepted as collateral for direct repo transactions by the Bank of Russia (except for exchange-traded bonds series BO-04).

In addition to its Russian bonds, Otkritie FC Bank has 4 outstanding Eurobonds, totalling USD 1.65 billion:

A subordinated USD 350 million issue, placed in 2010, maturing 2015;

A subordinated USD 500 million issue, placed in 2012, maturing 2019;

A senior USD 500 million issue, placed in 2013, maturing 2018;

A subordinated USD 300 million issue, placed 2012, maturing 2019.

Founded in 1993, Otkritie Financial Corporation Bank is the parent company of other banks within Otkritie Holding, ranking first among Russian privately-held banking groups and fifth among all other Russian banking groups by assets, according to the Interfax ranking (Interfax-Economic Analysis Centre based on RAS as at 01 April 2014). The Group’s consolidated assets totalled RUB 1,446.8 billion; own capital, RUB 136.9 billion (according to the IFRS as at 31 March 2014).

The Bank was given its current name – Otkritie Financial Corporation Bank – in June 2014 (previously, NOMOS-BANK).

Otkritie banking group, which includes Otkritie Bank and Bank of Khanty-Mansiysk, runs an extensive network of regional branches, consisting, as of 31 March 2014, of 879 offices located in 57 economically important Russian regions. Otkritie banking group offers a wide range of banking services to corporate, retail, and small business clients. As of 31 March 2014, the group’s client base includes 18,000 corporates, 141,800 small-business clients, and 3,200,000 individuals, including private banking clients. 

The principal shareholder of Bank Otkritie FC is Otkritie Holding (74.9%). The Bank’s securities are publicly traded on the Moscow Exchange and the London Stock Exchange (in the form of GDR).