Closing of Order Book for City of Volgograd Bonds
OREANDA-NEWS. August 27, 2012. The order book was closed for participation in the offering of City of Volgograd government bonds (government registration number RU34006VGG1).
Investors submitted 10 bids. Overall demand totaled more than 3.880 bln rubles, while interest rates ranged from 9.4% to 9.9% annually, and the amount offered for placement totaled one billion rubles.
The issuer has decided to fulfill five investor bids for a total sum of 1 bln rubles. The issuer has set the coupon rate at 9.67% annually.
Technical conclusion of purchase-sale agreements for the bonds as part of the placement will occur on August 29, 2012, on the MICEX. Acting as the organizers of the placement are Baltinvestbank and Sberbank Group’s company CJSC IC Troika Dialog (the joint team of Sberbank and Troika Dialog worked on the placement). The underwriter of the placement is Region Investment Company.
The bonds have total duration of 5 years (1820 days) from the date of sale commencement.
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