Russian Transcapitalbank (TCB) plans to collect bids for 4.095 billion rubles worth of mortgage bonds maturing in May 2045 on June 21, a banking source told PRIME on Friday.
The first coupon guidance was set at 9-9.25% annually, which corresponds to a 9.3-9.58% annually yield to a buyback offer.
The issue carries three-month coupons and has an early redemption option in four years.
The technical placement is preliminary scheduled for June 23.
A special purpose vehicle Mortgage Agent TCB-3 is the issuer. Transcapitalbank, Sovcombank and brokerage company Region are the organizers.
|Issuer, issue number||Mortgage Agent TKB-3, 01 |
|Type of debt instrument||Domestic bonds |
|Redemption type||Amortising |
|Issue status||outstanding |
|Type of placement||Public |
|Par, currency of issue||RUB 1,000 |
|Registration date||06/08/2017 |
|State registration number||4-01-00335-R |
|Start of placement||06/23/2017 |
|End of placement||06/23/2017 |
|Date of circulation start||06/23/2017 |
|Coupon||Coupon 1 - 9.1%, coupons 2-11 are set by the issuer |
|Coupon frequency||4 time(s) per year|
|Settlement date||06/23/2017 |
|Maturity date||05/14/2045 |
|Issue Managers||Bookrunner: Transcapitalbank, Sovcombank, BK Region |
|Trading floor||Moscow Exchange, RU000A0JXU89 (Third level, 06/22/2017) |
Mortgage Agent TKB-3