Search the Russia Banking News
« 2008 « July
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031   

 
28.04.2008 /Investing TransCreditBank Co-arranges the Second Bond Issue of United Confectioners Holding

On April 23, 2008 United Confectioners Holding placed its bond issue at MICEX through open subscription. The issue was arranged by Raiffeisen Bank Austria with TransCreditBank, Commerzbank (Eurasia), ING Bank (Eurasia), IC Capital, Gazenergorpombank, Dresdner Bank, Zenith Bank acting as co-arrangers.

The issue consists of 3 mln. securities of RUR1,000 face value each and will mature in 5 years.

The bond carries a semiannual coupon. The 1st coupon rate was set at 10.4% p.a. through a bidding process during the offering. The 2nd coupon rate is equal to the 1st coupon rate, and the issuer will set the rates for coupons 3 through to 10.

The issue was fully placed during one trading day.

Latest News Russia Banking News: Top News (RSS Feed)
The Mutual investment funds of Management Company of the Bank of Moscow "Trubnaya Square - Russian Metallurgy" and "Trubnaya Square - Russian Oil" are again among the Top-5 best mutual funds in terms of annual yield

From the 2 nd quarter of 2007 until the end of the 2 nd quarter of 2008, "Trubnaya Square — Russian Metallurgy" fund made its investors 42.63% (the second highest on the market), while "Trubnaya Square — Russian Oil" yielded 28.70%. [Read...]