OREANDA-NEWS.  February 3, 2012. The Eurasian Development Bank is pleased to announce that the order book for its offering of series 01 bonds was closed on February 2, 2012. The bonds have a nominal of 5 bln RUB and a put option 2 years from the date of placement. The series 01 bonds will reach maturity 7 years from the date of sale placement.

In the course of book building, 71 investor orders were placed for the series 01 bonds, with an annual coupon rate ranging from 8.35% to 9.25%. The total value of demand for the series 01 bonds was 20,423 mln RUB.

Following the completion of book building, the coupon rate for the series 01 bonds was set at 8.50% per annum.

Given the market situation, cost of placement, and coupon rate, the Eurasian Development Bank decided to accept 50 investor bids for the series 01 bonds.

“We are pleased with the placement strategy that was chosen and the end result of our issuance, despite the current unstable situation on the debt capital markets at the start of the year” commented Dmitry Krasilnikov, Member of the Executive Board of the Eurasian Development Bank and Managing Director for Corporate Financing. He added “In the immediate future we plan to hold a number of investor meetings in the UK and the USA in order to talk about the current situation at the Bank and its growth potential”.

Settlements under the deal will take place upon bond placement on the MICEX stock exchange on February 6, 2012.

The placement was organised by VTB Capital, VEB Capital, Raiffeisenbank, RON Invest and Troika Dialog.