OREANDA-NEWS. A full placement was made on MICEX stock exchange of the third issue of documentary interest bearing bonds payable to bearer issued by NPO Saturn and worth RUR 3.5 billion.

There were 107 bids submitted by the investors, with the total volume reaching RUR 4.34 billion. The proposed first coupon rate ranged from 7.40% to 9.50% p.a., and most of the bids were within 8.60% to 8.80% p.a.

The first coupon rate was set by the auction at placement and amounted to 8.75% p.a. (which is RUR 43.63 per a bond); the rates of the second to third coupons were equal to the first coupon rate, the other coupon rates will be extra set by the Issuer. 
 
The effective yield to maturity was 8.94% p.a.; which is equal to the yield bottom estimated by the arrangers before the placement.