OREANDA-NEWS. December 07, 2012. Russian Railways has successfully completed a secondary offering of its 12th series of bonds at an auction, reported the press-centre of RZD.

As a result of a marketing campaign, 54 applications were received from investors. Total demand exceeded 34.5 billion roubles for the 14,506,539 bonds.

Among the investors were Russian and international banks and investment and management companies. The price range stated in the application was 100% to 100.75% of the bonds’ face value.

At the auction, the issuer set a placement price of 100.75%, which corresponds to a nominal yield to put of 8.22% per annum.

The coupon rate on 12th series bonds is 8.45% per annum. The bond is puttable on 21 November 2016.

The placement was organised by VTB Capital, Gazprombank and Sberbank. The agent for the secondary offering was TransCreditBank.