OREANDA-NEWS. September 21, 2010. Sviaz-Bank acted as one of the managing underwriters of two ten-year Series 13 and 14 bond issues offered by Mechel OJSC to raise a total amount of 10 billion rubles, reported the press-centre of Sviaz-Bank.

The bond issues were floated by public subscription on the MICEX Stock Exchange. Both issues were sold out completely on the first day of offering. The rate of the first coupon of both issues was fixed at 10% per annum. The rate of the second to tenth coupons of each issue is equal to that of the first coupon. The coupon interest on a single bond will be equal to 49.86 rubles per security.

Uglemetbank OJSC, AKB Bank of Moscow (OJSC), IB Otkrytiye OJSC, and Sberbank of Russia were the other managing underwriters, and Uglemetbank OJSC was also an underwriter.