By Wendy Van Sickle
Columbus, Ohio, July 22 – Peresvet Bank issued RUB 8 billion of loan participation
notes due 2026, according to a notice.
The notes priced at par with a 13¼% coupon.
Okritie Capital was the lead manager.
The notes were issued through Peresvet Capital Ltd. to finance a subordinated loan to the bank and the bank will use the proceeds of the loan for general corporate purposes.
Peresvet is based in Moscow and has the Russian Orthodox Church and the Chamber of Commerce and Industry of Russia as its major shareholders.
| Issuer: | Peresvet Capital Ltd. (Peresvet Bank)
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| Issue: | Loan participation notes
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| Amount: | RUB 8 billion
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| Coupon: | 13¼%
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| Price: | Par
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| Yield: | 13¼%
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| Maturity: | Jan. 22, 2026
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| Call: | Non-callable
|
| Ratings: | Not rated
|
| Lead manager: | Okritie Capital
|
| Settlement date: | July 22
|
| Distribution: | Regulation S
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