| 20.11.2009 - Cbonds
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MDM Bank to place RUR5bn in exchange bonds on December 3
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MDM Bank plans to place Series 01 exchange bonds on December 3, the bank said in a statement. The RUR5bn issue will be placed via book-building. The book opens on November 30. The coupon guidance is set at 13.07%-13.54% which corresponds to yield to put at 13.5%-14%. The issue has a 3-year tenor.
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Issuer, issue number:
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MDM Bank, ÁÎ-01
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| Type of debt instrument: | Domestic bonds |
| Issue status: | outstanding |
| Type of placement: | public |
| Par, currency of issue: |
RUR, 1000 |
| Amount: | 5 000 000 000 |
| Registration date: | Nov 09 2009 |
| State registration number: | 4B020100323B |
| ISIN: | RU000A0JQLG5 |
| Start of placement: | Dec 03 2009 |
| End of placement: | Dec 03 2009 |
| Date of circulation start: | Dec 04 2009 |
| Issue price: | 100 |
| Coupon: | Coupons 1-6 - 12.75% |
| Coupon frequency: | 2 time(s) per year |
| Settlement Date: | Dec 03 2009 |
| Maturity date: | Nov 29 2012 |
| Issue Managers: | MDM-Bank |
| Trading floor: |
MICEX, RU000A0JQLG5 (A1, May 18 2010) |
Issuer profile:
MDM Bank is a leading independent provider of banking services in Russia, comprised of two main banking units:
* Corporate Banking & Investment Banking (CIB), which encompasses Corporate Banking, Investment Banking, Financial Markets, Private Banking, Asset Management and Leasing;
* Retail Banking, which includes Consumer and Small Business Banking.
Approximately half of Russia's top corporations are MDM Bank clients, and for individual clients and small business banking, MDM Bank provides a network of over 350 points-of-sale in 160 cities. Established in 1990, MDM Bank is currently one of largest privately owned financial institutions in Russia. Our financial strength is underscored by credit ratings: MDM Bank has some of the highest credit ratings among privately-owned Russian banks. MDM Bank has received a wide range of industry awards and employs over 10,000 people.
We have initiated a range of measures aimed at achieving best practices in international corporate governance, including the creation of a simple and transparent legal structure and the delineation of ownership and management functions. We also issue quarterly financial statements in accordance with International Financial Reporting Standards (IFRS).
The merger of MDM Bank and URSA Bank, completed in August 2009 combines complimentary geographic presence and business lines to create better diversified bank with strong presence throughout Russia.
MDM Bank is one of the leading independent providers of banking services operating in Russia. The bank’s three core business areas are corporate banking, investment banking and financial markets and retail banking and MDM bank’s clients include approximately 50 of Russia's top 100 corporates.
Outstanding issues:
8 issue(s) outstanding worth RUR 35 275 550 000
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