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Otkritie Bank to sell Series 01 bonds in H2 2011

May 19, 2011 | Prime-TASS (translated by Cbonds)

Otkritie Bank intends to sell Series 01 bonds in H2 2011, managing director Mikhail Avtukhov told journalists at the sidelines of the conference “Russian Regions and Cities: Arranging Financing of Investment Programmes at Current Stage”. The issue amount is RUR3bn. It will have a put option in 1 or 1.5 years. The issue has a 3-year tenor. It will be sold through public offering.

Mikhail Avtukhov also noted that Otkritie Financial Corporation also plans to raise up to RUR5bn via a bond issue before the end of 2011.

Otkritie Bank also plans to arrange a RUR1bn exchange bond issue for St. Petersburg-based construction company Setl Group.

Company: Bank OTKRITIE (doesn't exist)

Full company nameBank OTKRITIE
Country of riskRussia
IndustryBanks

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