OREANDA-NEWS. The order book was closed for the Republic of Khakassiya's series 35003 government bonds worth RUB 3 bln. Each bond has a nominal price of RUB 1,000. The bonds mature after a period of seven years (2,555 days) from the date of issue.

The guidance range for the first coupon announced during book building fell between 8.15-8.55% annually, which corresponds to a yield of 8.40-8.83% annually.

Total demand during book building exceeded RUB 8.1 bln. As a result of book building the issuer made the decision to set the first coupon at 8.40% annually, which corresponds to a redemption yield of 8.67% annually. The rates for the 2nd to 28th coupons are equal to the first coupon. Amortisation of the principal will take place as follows: 20% upon payment of the 12th, 16th, 20th, 24th and 28th coupons.

The bond offering has a duration of 4.10 years. The issue meets the requirements for its inclusion in the Central Bank of Russia's Lombard list.

The placement was organised by Organisers: VTB Capital and Sberbank CIB. The general agent and placement agent was VTB Capital.