OREANDA-NEWS. October 29, 2012. Russian Agricultural Bank (RusAg) opened the order book for its local bonds series 17 in the amount of RUB 10 billion on October 16, 2012, offering coupon rate range of 8.45%—8.65% p.a. As a result of double oversubscription the Bank raised the volume of the original offering to RUB 15 billion by issuing bonds series 18 under the same terms, reported the press-centre of RusAg.

In the course of the marketing campaign, the initial coupon rate range was narrowed to 8.35%—8.40% p.a. The final interest rate was set by the issuer at the lower end of the range — 8.35% p.a.

Maturity of the bonds is 10 years, with a put option for each series in 2 years.

RusAg’s bond issues attracted strong interest from Russian and international banks, as well as large investment and asset management companies.

"We are satisfied with the results of the placement. Sustainable demand allowed to simultaneously increase the issue size and set the coupon at the lower end of the range", — said Victoria Kirina, Deputy Chairman of the Management Board at Russian Agricultural Bank.

VTB Capital and Sberbank acted as book runners.