OREANDA-NEWS. September 17, 2010. Rusfinancebank has set the 1st coupon rate on bonds of series 8 and 9, worth RUB 2 each, at 7.7% after book-building. On September 16, the bank reported that the target coupon rate had been reduced to 7.35-7.75% from 7.75-8.25% announced at book opening. Investors could file bids for the bond on September 2-16.

The issue arranger, Troika Dialog said in a press-release that 51 bids had been received during the road show, with target coupon defined at 7.25-7.98%. Total acceptance during the road show stood at RUB 9.59 bn. As a result, Rusfinancebank accepted 40 bids from investors.

The series 8 bond is to be placed on the MICEX on September 20, while the series 9 bond is to be floated September 21. The placement agent is Troika Dialog. The bond matures in 5 years, with premature redemption envisaged in 2 years from the date of placement.