On February 22, 2006, a placement was made of the second issue of RUR 7 billion bonds of ROSSELKHOZBANK.
The bonds were placed on the MICEX trading platform through an open subscription with a tender for the first coupon rate.
There were 54 investors bidding for the bonds, with the total volume reaching RUR 8,323 million. The first coupon rate was offered by investors in the range of 7.45% to 7.91% p.a., with most of the bids being within 7.75% to 7.90% p.a.
The first coupon rate as set by the Issuer amounted to 7.85 % p.a. (which is RUR 19.57 per a bond), the remaining coupon rates shall match the first one.
Annual effective yield of the bonds to redemption is 8.08%, which is in line with the forecast of the arrangers.
The whole issue was fully placed at the commencement day.
Vneshtorgbank is an arranger and underwriter of the issue.
Issue co-arranger is Deutsche Bank.
Among issue co-underwriters are Vnesheconombank, ING Bank (Eurasia), Credit Swiss First Boston Bank, MDM Bank, International Moscow Bank, Citigroup (Citibank Commercial Bank), Evrofinance Mosnarbank, Investsberbank, Megatrustoil Financial Corporation, National Standard Bank, NOMOS-BANK, Raiffeisenbank Austria, North-West Investment Center, Standart Bank and Russian Regional Development Bank.
The National Depository Center is a paying agent and a depository for the issue.
The volume of Rosselkhozbank bond issue is RUR 7 billion at par (State Registration No. 40203349В as of 17.01.2006). The bonds will mature in 5 years (1820 days) and have quarterly coupons.