OREANDA-NEWS. November 27, 2009. Sviaz-Bank acted as one of a group of managing underwriters for Mechel OJSC that issued Series BO-01 tradable bonds to raise 5 billion rubles. The bonds were sold on the floor of the MICEX Stock Exchange in an auction held to determine the interest rate of the first coupon, reported the press-centre of Sviaz-Bank.

The interest rate of the issue’s first coupon was set at 12.50% per annum, or 62 rubles 33 kopecks. The second, third, and fourth coupons were valued as much as the first coupon.

The company sold 5,000,000 bonds at a par value of 1,000 rubles per bond.

Uglemetbank OJSC was the second managing underwriter of the issue. The Moscow Credit Bank OJSC (MCB), the Russian Regional Development Bank OJSC (RRDB), and RONIN LLC were the other managing underwriters, and IK VELES Capital LLC, SKB-Bank OJSC, CB Stroycredit OJSC, and AKB Investtorgbank (OJSC) acted as underwriters.