closed the booksfor its five-year domestic bond, with the coupon set at 4.9%, corresponding toa yield-to-maturity rate of 4.96%.
Thelender had initially planned an issuance of between $300 million and $500million, but the final amount was increased to $600 million, with demand frominvestors exceeding $1 billion. The bond is denominated in U.S. dollars, butsettlements will be carried out in Russian rubles.
Kommersant reported July 15 that thebonds were purchased mostly by other Russian lenders, including , , and Otkritie.
Theplacement of the bond will take place July 21 on the Moscow stock exchange.
Sovcombank,VTB Capital and Gazprombank served as placement agents for the bond.