MOSCOW, Jun 18 (PRIME) -- Russia’s Alfa-Bank has set the coupon guidance for its 5 billion ruble perpetual bonds at 11.50–12.00% annually, a banking source told PRIME on Tuesday.
The guidance corresponds to a 12.01–12.55% annual yield to a 5-year call option.
The bank will collect bids for the bonds through Thursday. The issue carries quarterly coupons and a call option at the end of the 21st coupon period, or in about 5.25 years from the placement date, and a call option at the end of each coupon period after that. The coupon may be revised each five years after the first call option.
The technical placement is scheduled for June 27.
End
|
|
