OREANDA-NEWS. April 18, 2011. VEB-Leasing completed placement of series 03 bonds with nominal value of R5 bln and a put option three years from the date of sale commencement, and series 04 and series 05 bonds with nominal value of R10 bln and a put option five years from the date of sale commencement. The series 03, series 04 and series 05 bonds will reach maturity 10 years from the date of sale commencement.

The order book on the series 03, series 04 and series 05 bonds was closed on April 13, 2011.

The series 03 bonds elicited 78 investor bids with coupon rates ranging from 7.70% to 8.25% annually. Overall demand for the series 03 bonds during book building totaled R16.4 bln.

The series 04 and series 05 bonds elicited 81 investor bids with coupon rates ranging from 7.70% to 9.00% annually. Total demand for the series 04 and series 05 bonds during book building totaled R21.5 bln.

Following completion of book building, the coupon rate on the series 03 bonds was set at 7.50% annually, the rate on the series 04 and series 05 bonds set at 8.60% annually.

Settlements under the deal will take place upon bond placement on the MICEX on April 15, 2011.

Placement organizers – VEB Capital, Raiffeisen Bank, Troika Dialog.