Peresvet Bank R8 billion 13.25% loan participation notes issue

22/7/2015

High-yield bond/note issue

Value:

R 8 billion

Dollar value:

$ 134.543 million

Status:

Completed

Date:

22/7/2015

Overview:

Peresvet Capital issued R8 billion 13.25% loan participation notes, issued for the sole purpose of financing a subordinated loan to Peresvet Bank.
Otkritie Capital International served as lead manager on the issue, with BNY Mellon Corporate Trustee Services.

Jon Moore - Journalist

Jurisdiction:

Russia

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Governing laws:

England and Wales
Russia

Industry sector:

Banking

Firms:

Arthur Cox

Party: Peresvet Capital (Issuer)

Clifford Chance

Party: Otkritie Capital International (Lead manager)

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