Rosbank was the organizer of BO-001R-08 exchange-traded bond placement of JSC "RN Bank" for 8 billion rubles

    20 April

The BO-001R-08 exchange-traded bond placement of JSC "RN Bank" in the amount of 8 billion rubles will take place on April 21. Rosbank was one of the organizers of the placement.

The application book for the placement of the issue was opened on April 14 from 11: 00 to 15: 00 (Moscow time). The initial benchmark coupon rate was 7.60 – 7.80% per year, which corresponds to a yield to maturity of 7.74 – 7.95% per year.

The high interest in the issue during the collection of applications enabled the issuer to revise the coupon benchmark several times, setting the final coupon rate below the initial range at 7.40% per year, which corresponds to a yield of 7.54% per year.

During the book building process, more than 40 applications were submitted, and the total demand for bonds at the final rate was more than 2 times higher than the declared volume and amounted to about 19 billion rubles. The spread at the close of the market was 132 basic points to the yield curve.

The nominal value of one bond is 1,000 rubles. The circulation period is 3 years. The placement price is 100% of the nominal value. The coupon period is 183 days. The issue was placed on an open subscription.

The start date of the placement is April 21, 2021.

The placement was organized by JSC UniCredit Bank, PJSC ROSBANK and Sber CIB. The placement agent is PJSC ROSBANK.

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