The bonds provide for payments in rubles of the Russian Federation at the official rate of the Bank of Russia. Par value of one security is $ 1,000. The bond issue provides for the possibility of redemption at the discretion of the Issuer (Call option) after 10 years from the date of placement. The coupon rate is set in size of 9.0% APR.
The bonds were placed among qualified investors, most of whom were individuals - clients of the Bank. The bonds were acquired about 400 customers of the Bank and other clients of professional participants of the market – they accounted for about 20% of the issue volume. The share of regional clients of Bank the issue volume amounted to 54%.
"Agricultural Bank became the first Russian Issuer to place on the local market perpetual subordinated bonds denominated in foreign currency", - said the First Deputy Chairman of the Board of JSC "Rosselkhozbank" Kirill Levin.