OREANDA-NEWS. March 28, 2012. On March 23 the book for accepting orders for Russian Standard Bank’s series BO-02 bonds to the amount of 5 bln RUB was closed. The bonds have a put option 1 year after placement. In the course of book building, 58 investor orders were placed. The total value of demand for the bonds was over 9.2 bln RUB.

Russian Standard Bank decided to set the yearly interest rate of the first coupon of the bonds at 9.00% and accepted 50 investor bids.

Proceeds from placement of this issue will be used for development of affordable lending programmes and diversification of the bank’s resource base.

Settlements under the deal will take place upon placement of the series BO-02 bonds on the MICEX stock exchange on March 27, 2012.

The placement was organised by Raiffeisenbank, Russian Agricultural Bank and Troika Dialog.

NOMOS-BANK was the co-organiser.

Promsvyazbank, Uglemetbank and RON Invest acted as underwriters.