OREANDA-NEWS. December 21, 2010. the order book was closed for city of Kazan 2010 municipal bearer bonds with constant coupon yield and debt amortization with nominal value of R2 bln. The bonds will reach maturity 1456 days from the date of sale commencement.

Over the course of book building, investors submitted 27 bids with coupon rates ranging between 7.75% and 9.25% annually.

Based on these results, the Executive Committee of the Kazan Municipal Formation set the coupon rate on the bonds at 8.75% annually.

Settlements under the deal will take place upon bond placement on MICEX on December 22, 2010.

Organizers of the placement: Troika Dialog and Sberbank Russia.