EDB Announces Closing Order Book for Its Series 01 Bonds
OREANDA-NEWS. February 10, 2012. The Eurasian Development Bank (EDB) closed the order book for Series 01 bonds for a total of 5 billion roubles with the offering date of two years after placement. The maturity of these bonds is seven years after placement, reported the press-centre of KASE.
Investors placed 71 orders for the bonds with the coupon ranging between 8.35% and 9.25% p.a. The order book totalled 20,423 million roubles.
As a result of marketing, the coupon for Series 01 bonds was set at 8.50% p.a.
With the market situation, offering price, coupon and demand taken into account, the EDB decided to accept 50 orders for the bonds.
"We are satisfied with the chosen strategy and placement results despite the unstable situation in the debt markets in the beginning of the year," Dmitry Krasilnikov, Member of the EDB Executive Board and Managing Director for Corporate Finance, said. "In the very near future, the EDB plans to meet investors in the U.K. and the U.S. to inform them about the Bank's current state of affairs and prospects".
The transaction will be settled at MICEX on 6 February 2012.
The deal has been arranged by VTB Capital, VEB Capital, Raiffeisenbank, RONIN, and Troika Dialog.
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