OREANDA-NEWS. August 08, 2011. Sviaz-Bank has acted as one of managing underwriters of Series BO-7 bonds issued by the Magnitogorsk Steel Plant, in addition to the plant’s other offerings, to raise a total amount of 5billion rubles, reported the press-centre of Sviaz-Bank.

The bonds were sold on the MICEX Stock Exchange by public subscription on July 26, 2011. The interest payable on the first bond coupon was fixed at 7.25% per annum, and the same interest was fixed on coupons 2 to 6.

The bonds have a maturity of three years and sell at 1,000 rubles par each.