ING in Russia

ING in Russia

ING BANK (EURASIA) AO successfully completed the placement of exchange bonds

On April 5, 2016 ING BANK (EURASIA) AO completed the placement of  exchange bonds for RUR 5bln with a 2 year put option maturity. Coupon rate is set at 10,45% p.a.

The book total demand for the bonds exceeded RUR 14,5 bln.

«Investors demonstrated significant interest, which reconfirms the paper's quality and borrower's reliability», - commented Mikhail Chaikin, CEO ING BANK (EURASIA) AO. He also noted the importance of the placement for the further diversification of the Bank's funding structure.

The arrangers are AO «Reiffeisenbank» and AO UniCredit Bank.