OREANDA-NEWS. July 20, 2012. The order book was closed for participation in the additional offering of Lipetsk Region 2012 government bonds (government registration number RU34007LIP0 dated 22.05.2012).

Overall investor demand totaled more than two billion rubles, while the total amount offered for placement equaled 1.39 bln rubles.

The issuer has decided to fulfill eight investor bids for a total amount of 1.39 bln rubles.

The technical conclusion of purchase-sale agreements for the bonds as part of the additional offering will take place on July 20, 2012, on the MICEX. Acting as the technical underwriter is the Sberbank Group’s company CJSC IC Troika Dialog (the joint team of Sberbank and Troika Dialog worked on the placement).

In accordance with the Decision on the issuance of bonds, the Issuer has set a single coupon rate for all coupon periods in the amount of 9% annually.

The overall nominal amount of the issue is 2.5 bln rubles. The bonds have total duration of five years (1820 days) from the date of sale commencement. Debt amortization will occur in equal parts totaling 20% of the bonds’ nominal value on the same dates as the payment of the second (31.05.2013), fourth (30.05.2014), sixth (29.05.2015), eighth (27.05.2016) and tenth (26.05.2017) coupons.

The organizer of the placement is the Sberbank Group’s company CJSC IC Troika Dialog (the joint team of Sberbank and Troika Dialog worked on the placement).