Sunday, August 20, 2017

Nomos, Discovery Bank place bonds in S&P's 01 series

Nomos Bank and Discovery Bank announced last week the successful placement of "O1 Properties Finance" bonds in the Standard and Poor's 01 series.

The total nominal value of the bonds is $181 million, and the bonds are set to mature fully in five years. The placement occurred during the closed period of Aug. 5 through Aug. 6, and claims were filed by 25 discrete market participants.

During the course of the book-building, the coupon rate of the first coupon has been set between 12 percent and 12.5 percent annually. The second to sixth coupons have been set equal to the first coupon rate.

The transaction was facilitated through an arrangement with Nomos Bank, Bank of Openness, Raiffeisenbank and Sberbank.