MOSCOW, Oct 10 (PRIME) -- Russia’s MTS Bank plans to collect investors’ bids for at least 5 billion rubles of 3-year exchange bonds with a variable coupon, as seen by PRIME in materials for the investors on Tuesday.
The coupon will be tied to the RUONIA index average, and the coupon guidance is set as a premium of below 250 basis points to the RUONIA.
The issue will carry quarterly coupons. The technical placement is scheduled for October 23.
Locko-Bank and MTS Bank will organize the offering.
(101.3598 rubles – U.S. $1)
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