OREANDA-NEWS. November 25, 2010. OJSC Investtradebank closed the order book for commercial paper series BO-01 with total nominal value of R2 bln and a put option 1.5 years from the date of sale commencement (identification number - 4B020102763B dated October 25, 2010).

Over the course of bookbuilding, bids were submitted by 41 investors with initial coupon rates ranging between 9,10% and 9,65% annually. Overall demand amounted to R2,6 bln.

Given the market situation, cost of placement and existing demand, the initial coupon rate on the OJSC Investtradebank series BO-01 commercial paper was set by the issuer at 9,60% annually.

Settlements under the deal will take place upon placement of the OJSC Investtradebank series BO-01 commercial paper on MICEX on November 25, 2010.

The organizers of the sale are Promsviazbank and Troika Dialog. Underwriters: Derzhava Bank, Metkombank (Cherepovets), Credit Bank of Moscow, NOTA-Bank. Co-underwriters: Alta-Bank, Aresbank, VSK Insurance House, LOCKO-Bank, М2М Private Bank, Morskoy Bank, NatsBusinessBank, NOVIKOMBANK, Pervobank, Primsotsbank, SKB-Bank, Sovcombank, Bank Center-Invest.