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Otkritie FC Bank Completes its Series 12 Bonds Offer

03.03.2015

Otkritie FC Bank has fulfilled all of its obligations to acquire Series 12 bonds (Identification No. 40802209В dated 05 November 2009) at the request of their holders in accordance with the issue documents. As part of its commitments to make an early acquisition, the Bank has bought out 2,502,984 bonds at 100% of their nominal value, paying a total of RUB 2,508.465 million, including RUB 5.481 million of coupon yield accrued up to the date of acquisition.

Otkritie FC Bank Series 12 bonds worth RUB 5 billion were placed on 23 August 2010. 

Currently, there are five outstanding issues of exchange-traded bonds: Series BO-03 (RUB 10 billion), Series BO-04 (RUB 10 billion), Series BO-05 (RUB 12 billion), Series BO-06 (RUB 12 billion), and Series BO-07 (RUB 5 billion). All of the Bank’s bond issues are traded on the MICEX Stock Exchange in the top-level quotation list and are also included in the Lombard List and the List of Securities Accepted as Collateral for Direct Repo Transactions by the Bank of Russia (except for Series BO-07 bonds).

In addition to its Russian bonds, Otkritie FC Bank has four outstanding Eurobonds issues, totalling USD 1.65 billion. A subordinated USD 350 million issue, maturing in 2015, was placed in April 2010; a subordinated USD 500 million issue maturing in 2019 was placed in April 2012; a senior USD 500 million issue maturing in 2018 was placed in April 2013; a subordinated USD 300 million issue maturing in 2019 was placed in December 2012.