Two issues of bearer bonds of 17 and 18 series feature 10-years maturity with a 5-years offer.

Ten million of bonds are to be placed, 1000 roubles of nominal value each, yielding 10 bn roubles of total value.

Annual pass-through coupon rate of 17 and 18 series for the period before the offer date amounts to 8.4 per cent (41.88 roubles). Demand for the bonds has exceeded 22 bn roubles, with the total of 80+ bids made by investors.

Theme:  Finance/Russia