Bank Avangard has set the 19-24 coupon rate for BO-001P-02 bonds at 7%

Bank Avangard has set the 19-24 coupon rate for BO-001P-02 bonds at 7%

Bank

Bank Avangard (MOEX: AVAN) has set the 19-24 coupon rate for BO-001P-02 series bonds at 7% per annum, the credit institution said.

The bank completed the placement of a 10-year issue of RUB 3 billion in September 2019. The rate of coupons 1-12 is set at 8.75% per annum, coupons are monthly. The rate for coupons 13-18 is also set at 8.75%.

The maturity date of the issue is February 28, 2029.

Currently, there are no other issues of the bank's bonds in circulation.

According to the results of the first half of 2020, Avangard Bank took 53rd place in terms of assets in the Interfax-100 ranking prepared by Interfax-CEA.

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