Press Releases

Renaissance Credit issues exchange bonds of БO-04 series by public debt offering


15 Dec 2020
 
Renaissance Credit placed an issue of exchange-traded bonds of БO-04 series (registration number 4B020403354B as of 8.04.2013) for the total amount of RUB 2 billion.
 
The first coupon rate has been set as 8.45% per annum. The rate of the second to the sixths coupons equals the rate of the first coupon. Coupon period has been set at 6 months. Maturity of the bonds equals 5 years with a 3-year offer. Nominal value of one security equals 1000 roubles.
 
The lead managers of the issue are Renaissance Broker, Sberbank CIB, Sovcombank. Placement agent - Renaissance Credit.
 
Comment by Tatyana Khondru, First Deputy Chairman of the Management Board, Senior Vice-President for the Development of Retail and Investment Business at Renaissance Credit: “Following the results of the placement we can point out that the demand from investors has substantially exceeded the volume of the bond issue. We believe the demand for the securities on the secondary market will also be high. The new issue allows the bank to attract long-term funding and diversify the structure of liabilities. We will be monitoring the market situation and may consider the option of an additional placement.”