Vneshtorgbank announced that a syndicate had been formed to place the first issue of Rosselkhozbank`s bonds worth RUR 3 billion at par.
The leading underwriters of the issue are Dresdner Bank, Petrocommerce Bank, ABNRO Bank, Vnesheconombank, National Standard Bank and NOMOS Bank.
Co-underwriters are Evrofinance Mosnarbank, the Russian Regional Development Bank, MDM-Bank and UralSib Financial Corporation.
The bonds will be placed by an open subscription in the Equity and Bond Market of the MICEX on December 8, 2004.
The Rosselkhozbank`s bonds are issued to bearer with its nominal value totaling 3 billion Russian Roubles. The issue was registered on November 10, 2004, under State Registration Number 40103349В. Maturing in 1274 days (or in 3 years and a half), the bonds have fourteen quarterly coupons. The rate of the first coupon is to be defined by a tender; rates of the second to fourth coupons shall be equal to the first coupon rate; the rates of the remaining coupons shall be defined by the Issuer. The issue provides for a put option to be exercised by the Issuer on December 9, 2005, at par value.
The bond issue is managed and underwritten by Vneshtorgbank, with the NDC acting as a depository and paying agent.
Moody`s Interfax Rating Agency has awarded Rosselkhozbank with a long-term national scale credit rating at A1 (rus) and a short-term rating at RUS-1.
Further information about the issue structure and financial position of the Issuer can be found in issue documents and information memorandum placed on the web-sites of the Issuer (www.rshb.agronews.ru) and Vneshtorgbank (www.vtb.ru).