OREANDA-NEWS. On 1 August 2008 was announced, that Promtractor-Finance placed its third bond issue at MICEX.   The issue was arranged by Deutsche Bank and Petrocommerts Bank, with TransCreditBank acting as a co-arranger.

The issue consists of 5 mln bonds of RUR1,000 face value each.   The issue matures in 5 years.  The terms and conditions of the offering provide for a put offer exercisable after 1 year at par.   The bond carries a semiannual coupon.

The whole issue was placed on the first day of the offering.  The interest rate for the first coupon was determined through bidding at 12% p.a. (RUR59.84 per 1 bond), the 2nd coupon rate is equal to that of the 1st one, rates of further coupons will be additionally set by the issuer.

45 investors’ bids were met.