«AK BARS» Bank successfully issues БО-03 series ruble bonds
22.08.2013

On August 22, 2013 «AK BARS» Bank (Issuer) issued БО-03 series 5 bln. ruble bonds maturing in 3 years with allocation at Moscow Interbank Currency Exchange (MICEX). Issuer’s ratings: Fitch Ratings «BВ-»/ Stable, Moody’s Investors Service: «B2» / Stable.

Bonds total demand exceeded market supply more than threefold resulting in 15 bln. rub

The issue Arrangers are: «AK BARS» Bank, "OTKRITIE«/NOMOS-BANK, Raiffeisenbank and BC «REGION». «AK BARS» Bank acted singly as a technical underwriter.

The first three semi-annual coupon rates were fixed by the Issuer at the level of 8.85% p.a. corresponding to 9,05% p.a. yield. A year and a half put option is provided within the issue.

Diversified investors base is represented by banks, trust, investment and insurance companies.

The issue meets criteria of Central Bank of Russia to be included to the Lombard list and MICEX First level «A» Quotation list.

«AK BARS» Bank is an active participant of bonds market. Currently there are three ruble AK BARS’ bonds in circulation in total amount of 15 bln. rub. and two issues of eurobonds in total amount of USD 1.1 bln.

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On 10 July, 2018 Moody’s Investors Service upgraded to b3 from caa1 the Baseline Credit Assessment (BCA) of Ak Bars Bank.
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