OREANDA-NEWS. The earnings yield of the Transmashholding 02 series bonds placed on February 15, 2007 totaled 8.6 per cent.

According to the press service of Transmashholding, the loan total volume is 4 billion rubles, the maturity of bonds is 1,456 days (four years), and the offer will take place in two years’ time.

The bonds were placed on the MICEX.

The bonds’ earnings yield proved to be lower than expected. The market makers believe the reason is the Transmashholding high credit quality, portliness of the syndicate in charge of the placement and the overall favorable market condition.

The auction bonds’ bid sum totaled 7.85 billion rubles. The sum nearly doubles the loan real volume. The foreign investors demand was some 28 per cent of the issue.

The Transmashholding 01 series bonds were placed on December 1, 2004, and the earnings yield totaled 14 per cent per year. In June, 2006 almost all the first issue bonds were retired by offer by the issuer.

The sufficiently better financial performance of the Holding and the increase in sales of general products let Transmashholding obtain funds at a considerably lower price this time.