OREANDA-NEWS. On 4 September 2009 was announced, that Bank Petrocommerce made a complete placement of two bond issues of 06 and 07 series by public offering on the MICEX.

The demand for the 06 series bond issue comprised RUR 3,316.1 mln., the first coupon interest rate in bids advanced at the tender was in the range of 13.00 – 15.25 per cent p.a. Following the results of the tender, the first and second coupon rates were determined at 14.36 per cent p.a. This earns the effective yield of 14.87 per cent p.a. at the first anniversary redemption.

The 07 series bond issue implies an option to demand redemption in 1.5 years. On the issue date, the demand for these bonds comprised RUR 3,897.6 mln., while the bid coupon interest rate was in the range of 14.30-15.40 per cent p.a. Following the results of the tender, the three first coupon interest rates were determined at the level of 14.90 per cent p.a. This earns the effective yield of 15.45 per cent p.a. at the redemption.

We remind that the par value of each issue totals RUR 3 bln., the tenor of both issues is 3 years, while the duration of coupon periods is 183 days (6 months) each.