OREANDA-NEWS.  July 04, 2012. Russian Agricultural Bank (Baa1/BBB) successfully issued a USD 350 million tap to its Eurobond issue placed in June 2011. The amount of the offering totals now USD 850 million due December 2017. The issue achieved strong supply from over 70 investors from Europe and USA. The tap was placed at 100.5% of the nominal price with an annual coupon at 5.192%, reported the press-centre of RusAg.

"The total book 4 times exceeded the initial amount of USD 250 million. Due to a remarkably strong demand from institutional investors the Bank decided to increase the volume of the tap to USD 350 million", said Victoria V. Kirina, Deputy Chairman of the Management Board at Russian Agricultural Bank.

Joint Lead Managers are Citigroup Global Markets, J.P. Morgan Securities and VTB Capital.