Transcapitalbank to collect bids for mortgage bonds Jun 21

June 16, 2017 - Prime

 

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.
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Issuer, issue numberMortgage Agent TKB-3, 01
Type of debt instrumentDomestic bonds
Redemption typeAmortising
Issue statusoutstanding
Type of placementPublic
Par, currency of issueRUB 1,000
Amount4,095,548,000
Registration date06/08/2017
State registration number4-01-00335-R
ISINRU000A0JXU89
Start of placement06/23/2017
End of placement06/23/2017
Date of circulation start06/23/2017
CouponCoupon 1 - 9.1%, coupons 2-11 are set by the issuer
Settlement date06/23/2017
Maturity date05/14/2045
Issue ManagersBookrunner: Transcapitalbank, Sovcombank, BK Region
Trading floorMoscow Exchange, RU000A0JXU89 (Third level, 06/22/2017)
Issuer: Mortgage Agent TKB-3
Outstanding issues:
1 issuesRUB4,095,548,000