UPDATE: Source: Tinkoff Bank cuts perpetual Eurobond guidance to 6.5%
(Adds details in headline, lede)
MOSCOW, Sep 13 (PRIME) -- Russia’s Tinkoff Bank has cut the yield guidance for subordinated perpetual Eurobonds denominated in the U.S. dollars to 6.5% from 6.75% annually, a financial source told PRIME on Monday.
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.