By Marisa Wong
Madison, Wis., Feb. 16 - Eurasian Development Bank said it issued RUB 5 billion of seven-year series 04 bonds through a bookbuild that closed on Feb. 11.
Investors from Russia and abroad submitted orders for more than RUB 11.5 billion. As a result, the issuer set the coupon at 7.7%. The initially declared price talk was 7¾% to 8¼%.
Interest is payable semiannually.
The bonds are putable after three years.
The issue was arranged by VTB Capital, Raiffeisen Bank and RON Invest.
The Almaty, Kazakhstan-based bank provides financing to the Eurasian states.
| Issuer: | Eurasian Development Bank
|
| Issue: | Series 04 ruble bonds
|
| Amount: | RUB 5 billion
|
| Tenor: | Seven years
|
| Coupon: | 7.7%, payable semiannually
|
| Put option: | After three years
|
| Agents: | VTB Capital, Raiffeisen Bank, RON Invest
|
| Pricing date: | Feb. 11
|
| Price talk: | 7¾% to 8¼%
|
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