The demand for 5-year bonds of RRDB bank, series 001Р-05, with a put option in 2 years in the amount of 5 billion rubles, has doubled the supply, according to the statement of BC Region, which acted as one of the organizers of the placement.
The collection of applications for bonds took place on September 24.
The rate of the 1st coupon is set at 5.80% per annum, which corresponds to a yield to put of 5.93% per annum. Quarterly coupons.
The benchmark for the 1st coupon rate was changed from the initial level of 5.75-5.85% per annum.
The organizers were RRDB itself and Peresvet Bank.
The technical placement is scheduled for September 24.
The previous time the bank entered the debt market in May this year. Then RRDB placed an issue with similar parameters at a rate of 6.5% per annum.
At the moment, there are four issues of the bank's exchange-traded bonds in circulation for 25 billion rubles.
According to the results of the second quarter of 2020, RRDB ranks 14th in terms of assets among Russian banks in the Interfax-100 ranking prepared by Interfax-CEA.