OREANDA-NEWS. July 15, 2014. A tender was held on the MICEX stock exchange in order to determine the first coupon rate of the Samara Region Government Series 35010 Bonds with a fixed coupon yield and debt amortization (government registration number RU35010SAM0) worth RUB 12 bln. The bond issue has a maturity of 7 years from the date of issue.

The bonds have an amortised repayment structure: 10% of their nominal value will be redeemed on the date of payment of the 4th coupon, 20% of the nominal value for the 8th, 12th and 16th coupons, 15% for the 20th coupon, 10% for the 25th coupon and 5% for the 28th coupon. The price of coupons 2-28 is equal to the first coupon.

During the tender 225 investor bids were received totaling more than RUB 30 bln. The indicative rate for the first coupon was set within the range of 10.30-10.60% annually, which corresponds to a yield to maturity of 10.70-11.03% annually. The issuer decided to set the first coupon rate at 10.00% (yield to maturity of 10.38% annually) and to accept 110 investor bids.

Placement Organizers: Sberbank CIB, VTB Capital, FC Otkritie Bank and Rosbank.

Placement Agent: VTB Capital.