RusAg Placed its RUB 5 bn Local Bonds Issue
OREANDA-NEWS. December 03, 2013. Russian Agricultural Bank (RusAg) placed its Series 23 local bonds issue with the nominal value of RUB 5 billion.
The book was opened on November 18 with the coupon guidance of 8.00%-8.20% p.a. The level of demand allowed to close the order book with significant oversubscription with the coupon set at 8.10% p.a. Maturity of the bonds is 10 years, with a put option in 3 years.
The issue generated significant demand from a wide range of investors, including large investment and asset management companies.
“We are satisfied with the results of the placement. Successful closure of the order book is another confirmation of the Bank’s status as a first class market issuer”, said Victoria V. Kirina, Deputy Chairman of the Management Board at Russian Agricultural Bank.
RusAg and Unicredit Bank acted as lead managers of the bond.
REGION Broker Company acted as underwriter.
Co-underwriters are RON Invest and KIT Finance.
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