OREANDA-NEWS. On 07 March 2008 was announced, that JSC TransContainer placed its series 01 bond issue for the nominal value of RUR3 bn on the B list at MICEX.  The issue was arranged by JSC TransCreditBank, JSC VTB Bank and JSC Gazprombank.

The issue matures in 5 years.  The face value of a bond is RUR 1,000.  The bond carries 10 semiannual coupons.  Bondholders may put the bond for early redemption 1 year after the launch of the offering.

Investors submitted 60 bids for the total of RUR 6.099 bn at the tender where the 1st coupon rate was set.  The issuer decided to set the 1st coupon rate at annual 9.5%, while the 2nd coupon rate will be equal to the 1st coupon rate.  Effective yield on the date of redemption offer is 9.73%.

The issue was fully placed during one trading day.  37 bids were met.