OREANDA-NEWS  On 27 November was announced, that JSC RZhD placed its series 09 bond at MICEX by open subscription. The issue was arranged by TransCreditBank, Sberbank, VTB, Gazprombank and IC Troika Dialog.

The issue size is RUR15 bn.  Par value of a bond is RUR1,000.  The issue matures in 5 years.  The bond carries ten semiannual coupons.  The interest rate for coupons 1-3 was set at 13.5% p.a. which translates into 13.96% p.a. yield to the put option for bondholders exercisable 1.5 years after the launch date.  Rates for coupons 4-10 will be set by the issuer.

The issue was fully placed by meeting buyers’ bids to purchase bonds at the fixed price and interest rate for the first coupon period.  The book was built one day before the launch date.

As it has been previously announced that JSC RZhD intends to apply proceeds of the offering towards implementation of the Company’s investment plan for 2009.