Alfa-Bank sets the 1st coupon rate of 6 billion rubles at 5.3%

Alfa-Bank sets the 1st coupon rate of 6 billion rubles at 5.3%

Alfa-Bank sets the 1st coupon rate of 6 billion rubles at 5.3%

Alfa-Bank has set the rate of the 1st coupon for bonds of the 002P-07 series with a circulation period of 447 days in the amount of 6 billion rubles at a rate of 5.3% per annum, the credit institution said.

The rates of the 2-3rd coupons are equal to the rate of the 1st coupon.

The collection of applications for bonds took place from 11:00 Moscow time on October 1 to 16:00 Moscow time on October 5. In the course of marketing, the placement volume was set at the level of “from 5 billion rubles”, the total volume was 6 billion rubles. Initially, the benchmark for the 1st coupon rate was 5.10-5.30% per annum.

The final benchmark was 5.3% per annum, it corresponds to a yield to maturity of 5.38% per annum.

The duration of the 1st coupon period will be 82 days, the 2-3rd coupons will be semiannual.

The bank acts independently as the organizer and placement agent.

The technical placement is scheduled for October 8.

The previous time the bank entered the debt market at the beginning of June this year. Then he placed annual bonds of the 002P-06 series in the amount of 10 billion rubles at the rate of 5.75% per annum.

Currently, there are 17 issues of exchange-traded bonds of the bank in circulation for a total of 118 billion rubles, an issue of exchange-traded bonds worth 20 million euros, two issues of exchange-traded bonds worth $ 20 million and one issue of classic bonds worth 5 billion rubles.

According to the results of the second quarter of 2020, Alfa-Bank took 4th place in terms of assets in the Interfax-100 ranking prepared by Interfax-CEA.

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