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Otkritie FC Bank Paid Off Its Series BO-3 and BO-2 Exchange-Traded Bonds Together with the Accrued Coupon Payments Thereon

25.08.2015

Otkritie FC Bank has paid off its Series BO-3 exchange-traded bonds, ID No. 4В020301776В dated 13 July 2012 (RUB 10 billion) and Series BO-2 exchange-traded bonds, ID No. 4В020201776В dated 13 July 2012, (RUB 13 billion), and made coupon 6 payments on the bonds. 

The issuer has paid off a total of 10,000,000 Series BO-3 bonds and a total of 13,000,000 Series BO-2 bonds.

Together with the pay-off, the BO-3 bondholders have been paid RUB 45.87 per bond (the coupon rate being 9.25% p.a.). The amount paid on coupon 6 totals RUB 27,663,004.38. The BO-2 bondholders have been paid RUB 47.11 per bond (the coupon rate being 9.50% p.a.). The amount paid on coupon 6 totals RUB 140,721,621.46.

Currently, there are two outstanding issues of the Bank’s classic bonds (Series 12, RUB 5 billion, and Series 09, RUB 5 billion, originally issued by Petrocommerce Bank) and seven issues of exchange-traded bonds: Series BO-04 (RUB 10 billion), Series BO-05 (RUB 12 billion), Series BO-06 (RUB 12 billion), Series BO-07 (RUB 5 billion), Series BO-P01 (RUB 2 billion), and Series BO-P02 (RUB 2 billion), as well as one issue that was originally issued by Petrocommerce Bank: Series BO-04 (RUB 5 billion). All of the Bank’s bond issues are traded on the MICEX Stock Exchange in the top-level quotation list (except for Series 09 and Series BO-04 bonds (originally issued by Petrocommerce Bank) that are included in the third-level quotation list).

All of the Bank’s bond issues are also included in the Lombard List and the List of Securities Accepted as Collateral for Direct Repo Transactions by the Bank of Russia.

In addition to its Russian bonds, Otkritie FC Bank has four outstanding Eurobond 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 subordinated USD 300 million issue maturing in 2019 was placed in December 2012; a senior USD 500 million issue maturing in 2018 was placed in April 2013.