The Analytical Credit Rating Agency (ACRA) has assigned an AAA (RU) credit rating to Sberbank's (MOEX: MCX: SBER) series 001Р-SBER17 bonds with a nominal volume of RUB 40 billion, the agency said in a press release.
“The issue is the senior unsecured debt of Sberbank. Due to the lack of structural and contractual subordination of the issue, ACRA evaluates these bonds as equal in order of execution to other existing and future unsecured and unsubordinated obligations of the bank. According to ACRA's methodology, the credit rating of the issue is equal to the credit rating of Sberbank – “AAA (RU)” “, the agency said in a statement.
The collection of applications for the bonds was held from September 29 to October 1. The issuer has set the 1st coupon rate for bonds with a circulation period of 3 years 1 month at 5.7% per annum.
The placement volume was increased from “at least 15 billion rubles” to 40 billion rubles.
Initially, the benchmark for the 1st coupon rate was set at about 5.70% per annum, which corresponds to a yield to maturity of about 5.78% per annum.
The duration of the first coupon period will be 212 days, the remaining coupons are semi-annual.
The organizers are BC Region, Credit Bank of Moscow (MOEX: CBOM), Sberbank CIB and Sovcombank.
Technical placement – October 2.
The bank issued 4-year bonds of the 001Р-SBER16 series in June this year. Then he placed bonds for 20 billion rubles with a nominal issue volume of 40 billion rubles. The coupon rate for the entire circulation period is fixed at 5.65% per annum.
Currently, there are 273 issues of exchange-traded bonds of Sberbank in circulation for 704.193 billion rubles, one issue of classic bonds for 18.5 billion rubles and three issues of investment bonds denominated in dollars for $ 44.72 million.