OREANDA-NEWS. AB “Gazprombank” (JSC) has finished formation of syndicate on the placement of own loan. The structure of co-organizers of the issue included: Savings Bank of Russia, ABSOLUTE BANK, CSFB, ING Bank. Co-underwriter of the issue is JP Morgan.
The placement of bonds will take place on November 29 on the Moscow Interbank Stock Exchange on the open subscription and at the price equal 100% of face value. During the exchange auction the rate of the first coupon of bonds will be determined. The interest rate of the second coupon is equal to the interest rate of the first coupon.

Term of circulation of bonds makes 7 years. Volume of placed issue makes 5 billion roubles. The bonded issue stipulates for the offer on pre-term repayment of bonds from their owners in a year after primary placement.