OREANDA-NEWS. July 16, 2008. Bank Electronika was organizer of the Barentsev Finance series 01 corporate debt issue, placed successfully through the MICEX on July 7, 2008. Total nominal value of the issue was 800 million rubles. The issue was fully placed during the auction. The syndicate for its placement was comprised of the Russian Regional Development Bank and Logos Tsentr. In addition to organizing the issue, Electronika was underwriter, and paying agent.

Twenty-four bids were received during the session. They ranged from 15 percent to 16 percent per year. At the conclusion of the session, the issuer established interest on the first coupon at 16 percent per year.
Consistent with issuing documents, the amount of the placement was 800 million rubles, its term to maturity – three years, offering – in one year, frequency of coupon payment – quarterly, interest rate on the second through fourth coupons – equivalent to that of the first coupon; interest on the fifth through twelfth coupon will be set by the issuer.