April 21, 2017 | Cbonds
Russia’s Vozrozhdenie Bank plans to collect bids for 4.1 billion ruble mortgage bonds on April 28, a banking source told PRIME on Friday.
The first coupon guidance is set at 9.25–9.5%, which corresponds to a 9.65–9.92% yield to a buyback offer.
The issue maturing in August 2049 envisages a call option, or preliminary redemption at the issuer’s will, in five year from the placement date. The issue carries monthly coupons.
The technical placement is preliminary scheduled for May 4. VTB Capital is an organizer and Promsvyazbank is a co-organizer.
The issuer is Mortgage Agent Vozrozhdenie 5, a special purpose vehicle of Vozrozhdenie Bank.
Emission: Mortgage Agent Vozrozhdenie 5, class A
|Status||Country of risk||Redemption (offer)||Volume||Emission Rating (M/S&P/F)|
Company: Mortgage Agent Vozrozhdenie 5
|Full company name||Mortgage Agent Vozrozhdenie 5 LLC|
|Country of risk||Russia|
|Country of registration||Russia|