OREANDA-NEWS. As a result of bookbulding for participation in the placement of Smolensk Region's government bonds (government registration number RU34001SML0 dated October 9, 2013), total investor demand exceeded RUB 4.6 bln for a coupon range of 8.30-9.20%. The planned placement volume is RUB 3 bln.

The issuer made the decision to accept 29 investor bids to a total of RUB 3 bln.

The technical settlements for the placement will take place on the MICEX stock exchange on October 21, 2013.

Igor Skobelev, Deputy Governor of the Smolensk Region, commented: "This is our first issue and we would like to thank the organisers for their well-coordinated work - as a result investor demand exceeded the volume of the placement and we were able to set a coupon rate that best suits us."

The placement was organised by VTB Capital and Sberbank CIB.