OREANDA-NEWS. Pioneer Group has successfully completed the issuance of its series 001P-01 exchange-traded bonds (identification number 4B02-01-67750-H-001P, registered on 19 October 2016) with a total par value of RUB 3 billion, a three-year tenor and a put option which can be exercised by bondholders one and a half years after the issue date.

The order book was closed on 28 October 2016. The first coupon rate guidance was announced in the range of 14.00%-14.50% per annum. In the course of orders being submitted, the marketing range was narrowed to 14.00%-14.25% per annum, corresponding to a yield to put of 14.49%-14.76% per annum. Following book building, the issuer set the first coupon rate at 14.00% per annum, corresponding to a yield to put (in one and a half years) of 14.49%. The second and third coupon rates are set at the same level as the first coupon rate.

During placement, more than 47 orders were executed.

It is planned that the bonds will receive a Third Level listing.

B&N Bank, Bank FC Otkritie and Alfa Bank were joint managers of the bond issue.

Bank FC Otkritie was placement agent for the issue.