OREANDA-NEWS. The Novosibirsk Region has placed its series 34015 bonds worth RUB 5 bln. Each bond has a nominal price of RUB 1,000. The bonds mature after a period of five years (1,825 days) from the date of issue.

The guidance range for the first coupon announced by the organisers during book building fell between 7.95-8.20% annually, which corresponds to a yield of 8.20-8.45% annually. The placement was organised by VTB Capital and Sberbank CIB. The general agent was VTB Capital.

During the bidding to determine the first coupon, 100 investor bids were received which amounted to over RUB 10.6 bln for a coupon range of 7.00-8.05% annually. As a result the first coupon was set at 7.79% annually, which corresponds to an effective yield to maturity of 8.02% annually.

Repayment of the principal of the bonds (amortisation) will take place as follows: upon payment of the 10th and 14th coupons (15%), upon payment of the 16th and 20th coupons (25%) and upon payment of the 18th coupon (20%).

The bond offering has a duration of 3.49 years. The issue meets the requirements for its inclusion in the Central Bank of Russia's Lombard list.