OREANDA-NEWS. The order book was closed for the purchase of Magnit PAO series BO-10 exchange traded bonds worth RUB 10 bln. The bonds mature one year after the date of placement and have coupon periods every six months. Each bond has a nominal price of RUB 1,000.

The initial guidance for the 1st coupon was set at 11.60-11.85% per annum, which corresponds to a yield of 11.94-12.20% per annum. During marketing 18 investor bids were received and overall demand amounted to RUB 11 bln. During book building the coupon was set at 11.60% per annum (a yield to one-year put of 11.94%).

The technical placement of the issue is planned for July 23, 2015 on the MICEX Stock Exchange.

The placement was organised by Raiffeisenbank and Sberbank CIB.