OREANDA-NEWS. The bank ZENIT has successfully placed eurobonds under the rule Reg S. This issue became the largest transaction of the Bank in the public market of loans.

The volume of the issue has made $200 million, term of circulation of bonds makes 3 years, and the coupon rate is 8.75 % annual. The sole book-runner and the leading organizer was Citigroup.

The most part of the issue has been got by investors from the Europe and Southeast Asia, and also the foreign companies representing interests of the Russian investors. Means from the placement will be directed on realization of long-term strategy of development of the Bank, in particular, on increase in credit portfolio and management of liquidity.

It is the second issue of eurobonds of the Bank. The first issue placed in 2003 was paid in June of this year.