By Jennifer Chiou
New York, April 12 - Lead arrangers Nomos-Bank and Promsvyazbank announced that the books closed on Tuesday for Metcombank's RUB 2 billion of series 01 bonds.
The bonds bear interest at 10¾%, the low end of the initial target range of 10¾% to 11¼%.
According to a news release, investors made offers within a coupon rate range of 10% to 11¼%.
Demand amounted to RUB 2.855 billion, and Metcombank accepted 27 offers from investors.
The syndicate included 15 participants with Bank Zenit, Credit Bank of Moscow, Rosbank and SMP Bank as co-arrangers and Bank Avangard and Neyva Bank as lead underwriters. Co-underwriters included OMP Bank, Lanta-Bank, Accept Bank, Almazergienbank, Eurocitybank, Russlavbank, Severgazbank, Financial Standard and Chelyabinvestbank.
Metcombank is part of Renova Group, which has principal business regions in, among others, Moscow, St. Petersburg and the Tyumen Region.
| Issuer: | Metcombank
|
| Issue: | Series 01 bonds
|
| Amount: | RUB 2 billion
|
| Coupon: | 10¾%
|
| Lead arrangers: | Nomos-Bank and Promsvyazbank
|
| Settlement date: | April 10
|
| Bid range: | 10% to 11¼%
|
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