OREANDA-NEWS. July 30, 2013. The order book was closed for a bond issue by the Republic of Karelia (government registration number RU34016KAR0 from July 22, 2013).

The overall demand for the bonds was more than RUB 7.7 bln whereas the offering totaled RUB 2 bln.

The issuer made the decision to accept 17 investor bids worth RUB 2 bln. 

The technical settlements for the issuance will take place on the MICEX on July 31, 2013. 

The issuer set the coupon rate at 8.29% annually, which corresponds to a yield of 8.28% annually.

Maturity – 5.5 years (2008 days) from the date of sale

“We are pleased with the results of the placement. The coupon rate that was set at the conclusion of bookbuilding met our best expectations. We feel that the general agent did an outstanding job with the placement,” commented Alexey Maximov, interim Finance Minister of the Republic of Karelia. 

Arranger: Sberbank CIB.