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Book building for subordinated Series C01 bonds of MCIB Bank has started today at 12:00 (MSK)

March 07, 2017 | Cbonds

The issuer reports, that on March, 7 from 12:00 pm till 2:00 p.m., MCIB Bank is accepting orders for Series C01 bonds of up to 1 bln. rubles.

Indicative rate of the first coupon is 14.5% per annum (YTM – 15.03% per annum). Rates of the coupons 2-13 are equal to the first coupon rate. No offer is provided. Start date of placement is March, 10.

SovcomBank is the arranger of placement. MCIB Bank is the placement agent. It is planned to obtain permission of the Central Bank of the Russian Federation to recognize the bond loan as subordinated one.

Volume of the issue is 1 million bonds with par value of 1,000 rubles. Maturity period is 6 years 7 months (2,366 days). Securities are placed by public subscription. Placing price is 100% of nominal value.

The bonds are included into the Third listing level on MOEX. State registration number – 40103329B from January 31, 2017.

Issue: Sovcombank, C01 (former SKIB)

StatusCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
outstandingRussia02/25/20281,000,000,000 RUB-/-/-

Company: SKIB

Full company nameSKIB Bank
Country of riskRussia
Country of registrationRussia


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