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Bond Issues: Eurobonds Russian Standard Bank, 2012-A1 (ABS, FRN) |
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Issue information:
| • Issuer, issue number: |
Russian Standard Bank, 2012-A1 (ABS, FRN) |
| • SPV: |
Russian Consumer Loans No. 1 S.A. |
| • Type of debt instrument:
| Eurobonds |
| • Type of bonds: |
Coupon bonds |
| • Securitisation: |
Yes |
| • Issue status: |
early redeemed |
| • Early redemption date: |
Feb 16 2009 |
| • Par, minimum denomination: |
50000
EUR, 50 000.0 |
| • Par, integral multiple: |
EUR, 1 000.0
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| • Indexation: |
Class A1 (228.3 million euro) - 1m EURIBOR + 165 bp
Class A2 (39.3 million euro) - 1m EURIBOR + 350 bp
Class B (32.4 million euro) - 1m EURIBOR + 325 bp
Rate on the senior notes before March 31 equals EURIBOR +2.5%; rate on the mezzanine tranche is EURIBOR +3.5% p.a. |
| • Amount: |
228 300 000 |
| • ISIN RegS: |
XS0249034868 |
| • CFI RegS: |
DBVXBB |
| • Start of placement: |
Nov 30 2005 |
| • End of placement: |
Mar 27 2006 |
| • Coupon: |
1mEuribor+165bp |
| • Coupon frequency: |
12 time(s) per year |
| • Floating rate: |
Yes |
| • Reference rate: |
1m EURIBOR |
| • Margin: |
1.65% |
| • Settlement Date: |
May 14 2006 |
| • Maturity date: |
Jan 14 2012 |
| • Issue price: |
100 |
| • Issue Managers: |
Arranger: Bayerische Hypo-und Vereinsbank AG
Co-bookrunners: Barclays Capital and JP Morgan. |
| • Listing: |
Irish Stock Exchange |
| • Issue ratings: (rating history) |
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| • Additional information: |
SPV: Russian Consumer Loans No, 1 S.A. (RCL)
EBRD bought part of the 8.5 mln euro
in the end of 2005 Russian Standard closed the deal in favor of Russian Consumer Loans No, 1 S.A. (RCL), having yielded its rights of claim on ruble credits provided by the bank to individuals in amount of RUR8.47 bln ($292 mln). The deal was arranged by BayerischeHypo- und Vereinsbank AG. The bank sold a portfolio of consumer loans worth RUR8.47 bln to RCL, which is owned by two Dutch investment funds not related Russian Standard. In order to finance this deal RCL placed a tranche of senior credit linked notes worth 190 mln euro, a mezzanine tranche worth 30 mln euro due in 2008, and raised credits worth 30.5 mln euro from Russian Standard and 11 mln euro from Bayerische Hypound Vereinsbank.
According to the bank’s data, in the first 3 months of 2006 it can sell additional assets to RCL, the memorandum says.
Ratings:
Class A1 - Baa2/BBB
Class À2 - Ba2/BB-
Class  - Ba2/BB-
ISIN:
À1 - XS0249034868
À2 - XS0249036210
 - XS0249037291
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| • Files: |
SP. Consumer Loan ABS Presale Report
Prospectus
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| • Investment banks:
| Bookrunner(s):
Barclays Capital
JP Morgan
UniCredit
Placement participant:
HVB Group
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Borrower:
SPV:
Consolidated IFRS reports:| 2012 | 1 Q.
| | 2011 | 1 Q.
| 2 Q.
| 3 Q.
| 4 Q.
| | 2010 | 1 Q.
| 2 Q.
| 3 Q.
| 4 Q.
| | 2009 | 1 Q.
| 2 Q.
| 3 Q.
| 4 Q.
| | 2008 | 1 Q.
| 2 Q.
| 3 Q.
| 4 Q.
| | 2007 | 1 Q.
| 2 Q.
| 3 Q.
| 4 Q.
| | 2006 | 1 Q.
| 2 Q.
| 3 Q.
| 4 Q.
| | 2005 | 1 Q.
| 2 Q.
| 3 Q.
| 4 Q.
| | 2004 | 1 Q.
| 2 Q.
| 3 Q.
| 4 Q.
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Annual report:
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Early redemption terms:
| Date |
Type |
Price |
Status |
Repurchased amount at par, mln |
| 14.05.2009 |
call |
100 |
Settled |
228.3 |
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