OREANDA-NEWS. December 20, 2010. The order book was closed under Bank Saint Petersburg’s commercial paper series BO-04 issue with a nominal value of RUB 3 billion. The issue terms imply a 2-year put option, reported the press-centre of Bank Saint Petersburg.

Over the course of book building, orders were submitted by 19 investors, with coupon rates ranging between 8.00% and 8.70% p.a. while overall demand amounted to RUB 3,350 million.

Based upon the book building results, Bank Saint Petersburg decided to set the coupon rate on the bonds at 8.50% p.a. Proceeds from the issue will be used to finance lending to real-sector businesses, as well as to bolster the Bank’s consumer lending and ongoing operations.

Settlements under the bond issue will take place on the MICEX Stock Exchange on December 16, 2010.

Lead Arrangers: VTB Capital, IK Troika Dialog.