MTS Bank will hold a meeting of the owners of 01SUB and 02SUB series subordinated bonds on October 8, the bank said.
The meeting will be held in the form of absentee voting. Persons eligible to participate in it will be determined on September 28.
The agenda of the meeting includes the following issues: consent to the issuer to amend the decision on the issue of bonds related to the scope of rights on bonds, in particular, to change the amount of income or the procedure for determining it, as well as an addition to the procedure for disclosing information on the issue by the issuing credit institution bonds.
Perpetual bonds series 01SUB in the volume of 3.5 billion rubles were placed in March 2019, series 02 SUB in the volume of 1.5 billion rubles in October of the same year. The issues were placed by private subscription among qualified investors.
The face value of one security is 10 million rubles. The rate of the first ten coupons of 01SUB bonds is set at 13% per annum, 02SUB – 11.5% per annum.
The option of redemption is provided at the discretion of the issuer.
The bank has no other bond issues in circulation.
Based on the results of the first half of 2020, MTS Bank ranks 37th in terms of assets in the Interfax-100 ranking prepared by Interfax-CEA.