OREANDA-NEWS. November 10, 2011. ING BANK (EURASIA) successfully concluded the issue of its bond series 02 bonds for R5 bln with a maturity date 1,104 days from the date of placement and no interim offering.

The issuance of the series 02 bonds of ING BANK (EURASIA) was fully subscribed.

The first coupon rate on the series 02 bonds of ING BANK (EURASIA) was set at 8.22% (eight point two two percent) per annum and the coupon will be paid quarterly. The coupon rate for coupons 1-12 is equivalent to the MosPrime rate for a period of 3 months + a premium of 1.45% per annum.

The MosPrime rate for three months was indicated on November 9, 2011 as 6.77% (six point seven seven percent).

During book building, the rate of the landmark coupon was set at 125-175 bp, in line with MosPrime rate for 3 months. Total demand during book building amounted to R5,560 mln.

ING BANK (EURASIA) intends to use the funds generated during placement to continue active work with borrowers on the Russian market.

Troika Dialog and ING BANK (EURASIA) acted as joint bookrunners on the issuance.