OREANDA-NEWS. January 13, 2011. Sviaz-Bank acted as one of the managing underwriters for a municipal issue of bonds offered by a city district in Ufa, the Republic of Bashkortostan, in 2010.

The bond issue totals 750 million rubles and the bonds have a three-year maturity.

The issue was sold on the MICEX Stock Exchange in an auction held to fix the coupon interest rate. Toward the end of the auction, the coupon interest rate was fixed at 9% per annum. Each bond has a par value of 1,000 rubles and coupon periods of 182 days each. The bonds will be redeemed in December 2013.

Apart from Sviaz-Bank, the group of managing underwriters included Rosbank, Otkrytiye Investment Bank, Shipbuilding Bank, and Bashkreditbroker Company.