News

23.11.2015

Rosbank arranged the largest IIB’s 04 series bonds placement for RUB 5 billion

The International Investment Bank successfully placed 10-year bonds of 04 series in the amount of RUB 5 billion on the Moscow Exchange.

 

The order book was opened on November 17 with an initial coupon rate of 11.8-12.00% p.a. During the book-building the marketed coupon rate was narrowed to 11.9-11.95% p.a. and as a result fixed at 11.9% p.a. The demand for IIB’s bonds exceeded EUR 8 billion. The issue attracted banks, asset management firms and investment companies.

The lead managers of the transaction are Rosbank and Sovcombank.

“Today’s successful placement once again serves as a testimony to IIB’s well-established reputation of a reliable financial institution. We very much appreciate the trust of investors, especially in the current unstable economic situation, and we intend to further implement our strategy of borrowing on local debt capital markets, aimed, in the first place, at support of the Bank’s member states’ economies,” – commented Nikolay Kosov, Chairman of the Board of the International Investment Bank.

“IIB’s issues remain one of the most interesting among the bonds of the financial sector, as evidenced by consistently high demand during the placement and the constant expansion of the investor base. We are pleased to be the lead manager of already the fourth and the largest IIB’s placement, and we are confident in great prospects of the issuer on the capital markets,” – stated Yury Novikov, Director of Debt Capital Markets of Rosbank

 

If continue 1) Following a link or pressing any button on this website page
2) Viewing the content on the bottom of website page with ‘scrolling’ (‘flicking’) down its content.
using
this website, you give your consent to processing of your personal data with the use of Internet-services «Google Analytics», «Yandex Metrika».
Your data processing sequence and realizable requirements for their protection can be found in PJSC Rosbank Policy.