OREANDA-NEWS. August 28, 2008. Barentsev Finance series 01 domestic bonds entered secondary trading on the MICEX on August 13, 2008.

Eight hundred thousand obligations with nominal value of 1,000 rubles each were placed in a public offering on the MICEX on July 7, 2008. The bonds have a three-year term to maturity; an offer to repurchase will occur in one year from placement (July 9, 2009); coupon payments will be made quarterly. The interest rate on the first through fourth coupons is 16 percent per year. The issuer will establish the interest rate on the fifth through twelfth coupons. Guarantors for the bonds are Zolotoy Terem and КОНТИНЕНТ.

Bank Electronika is organizer of the borrowing. Underwriters are the Russian Regional Development Bank and Logos Tsentr.