OREANDA-NEWS. April 14, 2011. The order book for purchasing corporate bonds series A18 with par value of RUB 7 bn issued by OJSC AHML, backed by state guarantees and maturing in 2023 (30% of the par value of the bonds – on 15 July 2020; 20% - on 15 July 2021; 20% - on 15 July 2022; 30% - on 15 July 2023) was closed. Placement terms provide for offering in 5 years from the date of placement.

Marketing resulted in 89 investor orders with coupon rates ranging from 7.85% pa to 8.35% pa. The total demand amounted to RUB 49.4 bn.

Thus, the Agency determined the coupon interest rate on bonds series A18 as 8.00% pa. In view of the market conditions, the placement price, the bonds coupon rate and the demand structure the Agency has decided to meet 78 investor bonds.

A.N. Semenyaka, General Director of OJSC AHML, commented on the placement results as follows: “The results of this placement have surpassed all our expectations with demand outgrowing supply by more than 7 times to make the coupon rate 35 bp below the initial market range. This intense interest in our bonds shows growing confidence of the investment world in the Agency as issuer of securities and high opinion of the quality of AHML’s assets. Yet again, this testifying to efficiency of measures taken by the government to promote the Russian mortgage lending market. 

Settlements under the bond placement transaction will be completed on MICEX SE on 05 April 2011.

Placement managers are CJSC VTB Capital and CJSC Investment Company Troika Dialog.

Technical underwriter is OJSC TransCreditBank.