OREANDA-NEWS. August 05, 2011. The order book for Absolyut Bank's series 05 bonds for a total of 1.8 bn roubles, subject to put option in 3 years upon placement, reported the press-centre of Raiffesenbank.

During the roadshow 45 bids were accepted from investors for the coupon range from 7.80% up to 8.40% p.a. The bids totalled RUR 8 778.8 mn, where over 93% were received within a narrow range between 7.90% and 8,00% p.a.

The Board of Directors at Absolyut Bank decided on the coupon rate of 8,00% p.a. Given the current market situation, placement price, coupon rate and the demand, Absolyut Bank accepted 35 bids. The proceed sfrom the issue will be used to finance the bank's core activities and diversification of resources.

Settlements of the 05 bonds placement transaction will be operated at MICEX on 3 August, 2011.

Lead managers of the issue are Raiffeisenbank and AKB ROSBANK.