Bank Saint Petersburg announces pricing for the issue of new ordinary shares
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
Bank Saint Petersburg announces the completion of bookbuilding for the issue of new ordinary shares of the Bank. Existing shareholders of the Bank who have pre-emptive rights accounted for most of the demand, which is in line with previously announced goals of the offering. The offer price has been set by the Bank’s Supervisory Board at RUB 41.0 per one ordinary share.
Total size of the offering is expected to amount to around 62.6 million shares. As a result of the Offering the Bank expects to raise RUB 2.57 billion of new Tier 1 capital.
Renaissance Capital acted as Adviser and Bookrunner for the Offering.