OREANDA-NEWS. The order book was closed for the purchase of the government bonds of the Lipetsk Region (government registration number RU34009LIP0) worth RUB 5 bln. The nominal value of one bond is equal to 1,000 roubles. The bond issue has a maturity of 1,820 days.

The guidance for the first coupon, announced by the organizer during book building, was 11.25-11.50% annually and was subsequently reduced three times. The final coupon guidance was 10.50% annually.

The issue has 20 coupon periods of 91 days each. The rates of coupons 2-20 are equal to the 1st coupon. According to the amortized repayment structure, 10% of their nominal value will be redeemed on the date of payment of the 5th coupon, 20% on the date of payment of the 8th, 12th and 16th coupons and 30% on the date of payment of the 20th coupon.

During book building 71 investor bids were made for the bonds and demand exceeded RUB 18.5 bln for the range of 10.50-11.25% annually. After bidding, the 1st coupon rate was set at 10.50% annually, which corresponds to a yield to maturity of 10.92% annually. The duration of the issue is 2.85 years.

Organizers: Sberbank CIB and VTB Capital.