UPDATE 3: Source: Tinkoff Bank sets final Eurobond guidance at 6%
(Provides new figures in headline, lede)
MOSCOW, Sep 13 (PRIME) -- Russia’s Tinkoff Bank has set the final yield guidance for subordinated perpetual Eurobonds denominated in the U.S. dollars at 6% annually, a financial source told PRIME on Monday.
The initial yield guidance was set at 6.75% annually, it was later cut to 6.5% and then to 6.25% annually.
Demand exceeded U.S. $3 billion.
The bonds envisage a 5-year call option.
The bank held a series of calls with investors to discuss the possible offering starting from September 9.
Alfa-Bank, Gazprombank, Renaissance Capital, Societe Generale and BCP Securities are organizing the offering.