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Eurasian development bank placed secondary bonds denominated in Russian rubles

18.11.2011 22:08

Eurasian development bank placed secondary bonds denominated in Russian rubles

 YEREVAN, November 18. /ARKA/. Secondary placement of ruble bonds of Eurasian Development Bank (EADB) of the registered issue of the series 03 took place today in Moscow, press-service of the Bank informed ARKA News Agency.

According to the press-release, total volume of the secondary placement was about 4.9 billion rubles. By the bonds is payable semi-annual coupon rate of 7.5% annually. Terms of issue provide the right of bondholders to present them for redemption in 2 years.

During the book-building over 20 Russian and international investors submitted applications in the total amount of over 5.6 billion rubles. In its result, the price of secondary placement was 97.87% of nominal value of the bonds (profitability to the offer was 8.90% annually). The application book for participation in the placement was closed on November 16.

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