VSK to collect bids for 3–4 bln rbl exchange bonds Apr 4

March 20, 2017 - Prime


Russian insurer VSK plans to collect bids for 3–4 billion ruble 5-year exchange bonds on April 4, a banking source told PRIME on Monday.

The first coupon guidance for the bonds amounts to 11.75–12.25%, which corresponds to a yield of 12.1–12.63% to an 18-month buyback offer.

The technical placement is preliminarily scheduled for April 11. B&N Bank and Sviaz-Bank act as organizers.
Issuer: Insurance House VSK
Outstanding issues:
1 issuesRUB4,000,000,000
Issuer rating:
Fitch RatingsBB-/StableLT Int. Scale (foreign curr.)03/27/2017
Fitch RatingsWithdrawn/National Scale (Russia)02/14/2017
Rating Agency RAEX (Expert RA)A++/StableReliability Rating03/27/2017
Rating Agency RAEX (Expert RA)ruAA/StableReliability Rating of Insurance companies06/01/2017