On December 04, 2012 MMK placed its RUR 5 bln bonds (series 18) with the maturity period of 10 years. A 3 year offer is provided for the issue. The issue is included in the list “Á” at MICEX.
The total value of demand from investors exceeded RUR 10,4 bln which translates into more than 2x oversubscription. 55 bids were sent for the tender. As the result the first annual coupon rate was set at 8,70%, which is below the bottom of the earlier announced price range – 8,9–9,15%. The rate of the second, third, fourth, fifth and sixth coupon equals the first coupon rate. Issue was placed in full size. The overall number of satisfied bids was 21.
The managers of the placement are OJSC URALSIB and CJSC Unicredit Bank.