The book closed on February 27, 2013, after which the issuer set the first coupon price at 12.4%. Application coupon rates ranged from 11.9 to 12.75% per annum. Applications totalled 2.4 billion roubles.
The second coupon rate will also be 12.4%, with subsequent coupon rates to be fixed by the issuer based on the issue documents.
On March 1, 2013, the 01 series bonds were placed on MICEX, with NSD CJSC, a non-banking credit company, acting as depository. Approximately 38 transactions were reported. The issue was arranged by OTKRYTIYE Bank OJSC and ZAO Raiffeisenbank.
The syndicate for the issue included:
Co-arrangers: RosEvroBank JSCB (OJSC);
Underwriters: Avangard JSCB OJSC, Commerts Investments LLC, Mosstroyeconombank CJSC, Moscow Securities Center OJSC, Rosinterbank CB CJSC, Nefteprombank CJSC;
Co-underwriters: Pervobank OJSC, NBD-Bank OJSC, Ural FD JSCB OJSC, Financial House Investment Company CJSC, Forshtadt JSCB (OJSC), Asian Pacific Bank (OJSC), M2M Private Bank OJSC, Ingosstrakh-Investments Managing Company OJSC, NZBank JSCB OJSC, BKS Company LLC, Tatfondbank JSICB OJSC.
ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 12th among the Russian banks in terms of assets, based on 2012 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of liabilities of individuals and 10th with regard to consumer lending.
Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. In total, around 61,000 employees service about 14.1 million customers through around 3,100 business outlets, the great majority of which are located in CEE. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.