Rosbank acted as a lead-manager in PJSC Bank "FC Otkritie" BO-P09 bond deal for 15 billion rubles

    27 September

PJSC Bank "FC Otkritie" BO-P09 bond placement for 15 billion rubles took place on September 23. Rosbank acted as one of the Lead-Managers in the deal. This is the first cooperation of Rosbank with PJSC Bank "FC Otkritie" on the bond market.

The bookbuilding started at 10:00 on September 17 and ended at 15:00 on September 21 (Moscow time). The initial yield guidance was set at the level of no higher than 115 bps to the G-curve with a volume of at least 10 billion rubles. One of the deal features is exchange and over-the-counter (OTC) bookbuilding process.

During the bookbuilding, 22 bids from investors were received: the total demand exceeded the initial volume and reached 20.45 billion rubles. The high interest to the issue during the bookbuilding made it possible to set the final coupon rate at the level of 8.02% p.a (YTM – 8.18% p.a.) and to increase the volume of the issue up to 15 billion rubles.

The tenor is 3 years (1092 days) from the placement date; the coupon period is 182 days. The nominal value of the bond is 1,000 rubles. The placement price is 100% of the notional value.

The placement date is September 23, 2021.

The Lead-Managers of the deal are PJSC ROSBANK, PJSC Bank "FC Otkritie", VTB Capital, JSC "Gazprombank", LLC "BC Region", PJSC "Credit Bank of Moscow" and PJSC "Sovcombank".

The placement agent is PJSC Bank "FC Otkritie".