OREANDA-NEWS. December 31, 2010. The State Corporation Russian Corporation of Nanotechnologies (RCNT) announces placement of debut series 01, 02 and 03 bonds. The issue has a total value of RUR 33 billion and a maturity period of 7 years from the date of sale commencement.

The fulfilment of obligations to pay the nominal value of the bonds is secured by sovereign guarantee of the Russian Federation.

On December 24, 2010, RCNT closed the order book for bonds. Bonds elicited a considerable amount of demand among different types of investors, which allowed the company to set an annual coupon rate 8.9%.

The State Corporation Russian Corporation of Nanotechnologies was established in accordance with the Federal Law of the Russian Federation as of the 19th of July 2007 #139-FZ "in order to assist the implementation of state policy in the sphere of nanotechnologies, development of innovation infrastructure in the sphere of nanotechnologies, implementation of prospective nanotechnologies and nanoindustry projects." All proceeds from the issue will be used to finance main functions of RCNT.

"We are very positive about the RCNT's debut on the corporate bond market", Deputy General Manager of the corporation Oleg Kyselyov commented. "The rouble bond issue made it possible for the corporation to diversify the sources of long-term financing for its market activities. In spite of the year-end factor and the murky market, our investors highly appreciated the uniqueness of this deal. We’ve placed a full list of the bonds, namely a total value of RUR 33 billion, in compliance with the stated annual rate. A lot of big institutional investors and commercial banks were involved in the issue. We hope to build up our future investors’ base".

The organizers and underwriters of the issue are Gazprombank and Troika Dialog.

The lead co-organizer is IFC "Metropol".