OREANDA-NEWS. Sberbank successfully closed order book for its debut BO-17 Series certificated interest-bearing non-convertible exchange-traded bearer bonds issue with mandatory centralized custody in the amount of 10 billion rubles. The coupon rate is set at 10% p.a. The bonds have a five year maturity from the placement date with a two year put option.

Sberbank notes high investor demand, above all from asset management and brokerage companies, which helped to compress the yield of the bonds to the closest level to the Federal Loan Bonds (OFZ). Sberbank considers this placement to be the first step in setting up a full-fledged local bond curve.

Sberbank CIB acted as the Lead manager of the issue.