VEB-Leasing announces closure of order book for its bonds
OREANDA-NEWS. The order book was closed for the acquisition of VEB-Leasing's series 12 and 13 bonds worth RUB 10 bln.
During book building, 54 investor bids were received for the bonds with the coupon rate falling between 7.90% and 8.50% annually. Investor demand for the bonds amounted to RUB 19 bln. As a result of book building the first coupon was set at 8.25% annually. Amortisation of the principal will take place as follows: 12.5% upon payment of the 3rd to 10th coupons.
Given the market situation, placement price, coupon rate, and demand for the bonds, VEB-Leasing made the decision to accept 42 investor bids.
Settlements for the deal will take place upon bond placement on the MICEX Stock Exchange on November 12, 2013.
The placement was organised by Sberbank CIB, VEB Capital and VTB Capital.
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