OREANDA-NEWS. July 20, 2012. OJSC Russian Railways has successfully completed the secondary offering of series 14 bonds conducted as an auction. During book building, investors submitted 19 bids. Overall demand exceeded 9.7 bln rubles, while the bids indicated prices ranging from 100.00% to 100.25% of the bonds’ nominal value.

By the issuer’s decision, the bonds were placed at nominal value. The size of the secondary offering totaled 9 062 963 000 rubles.

The coupon rate on the series 14 bonds totals 7.85% annually. The series 14 notes will be retired on April 7, 2015.

The organizers of the issue are CJSC VTB Capital, GPB (OJSC) and the Sberbank Group’s company CJSC IC Troika Dialog (the joint team of Sberbank and Troika Dialog worked on the placement).