The demand for bonds of Alfa-Bank was oversubscribed 2.3 times

The demand for bonds of Alfa-Bank was oversubscribed 2.3 times


The initial benchmark was 12,25 coupon-12,5% annual. The final benchmark was set at 12% per annum. Technical placement is scheduled for October 20.

MOSCOW, 14 Oct. Demand for exchange bonds of Alfa-Bank’s series BO-05 of 10 billion rubles on the final rate of the first coupon at 12% per annum amounted to 22.7 billion rubles, the Bank said.

Applications for the bonds credit institution collected on 14 October, the technical placement is scheduled for October 20.

The initial reference point of the coupon was $ 12,25 12.5% per annum (yield 12,63-12,89% per annum). In the course of collecting the applications it was reduced to a 12-12,25% (yield 12,36-12,63%). The final benchmark was set at 12% per annum, which corresponds to yield to put / 12,36% annual.

The Bank places 10 million three-year bonds with par value of 1 thousand rubles. On release payment of semi-annual coupons and the offer in two years from the date of placement.