OREANDA-NEWS. On 01 April 2008 was announced, that JSC RBK - Information Systems fully placed the first tranche of its exchange bonds, the fist one in the history of Russia’s stock market.

The issue was arranged and underwritten by JSC Alfa Bank, with the National Depository Center acting as the depository and paying agent.  TransCreditBank, Absolut bank, Soyuz Bank, Renaissance Capital, BFA and IC Vega formed the pool of underwriters.

The issue was placed in MICEX trading system on March 25, 2008.  The issue size is RUR1.5bn.  The issue matures in 1 year.  Par value is RUR1,000/bond.

The issue was heavily oversubscribed.  Investors made 86 bids for the total amount of RUR2.373 bn, which is equivalent to 159% of the issue size.  The coupon rate is set at 12.25% p.a.