OREANDA-NEWS. August 03, 2010. Coupon rates 2-6 on Victoria Group commercial bonds set at 8% pa. Victoria Finance, an SPV for Victoria Group, has defined rates of coupons 2-6 on the series 01 commercial bond at 8% per year. The coupon size has been set at RUB 39.89 per one security with a par value of RUB 1000.

The 3-year series 01 issue, worth RUB 1.5 bn, was placed by open subscription on the MICEX in February 2010. Initially, Victoria had been to float bonds worth RUB 2 bn, but managed to place only 75% of the scheduled volume. The issue was arranged by Troika Dialog. The bond has six 6-month coupons. The 1st coupon rate was defined at placement at 12.5%. The bond is to mature on 12 February 2013. Premature redemption is due on 19 August 2010.