OREANDA-NEWS. February 07, 2011. The order book was closed for OJSC KAMAZ’s commercial paper series BO-02 issue with nominal value of 3 bln rubles and a put option 1092 days from the date of sale commencement.

Over the course of book building, investors submitted 65 bids with coupon rates ranging from 8.50% to 9.40% annually. Investor demand for the securities totaled 10,635 mln rubles.

Based on these results, OJSC KAMAZ set the coupon rate on the series BO-02 commercial paper at 8.60% annually. Given the market situation, cost of placement, coupon rates on the notes and existing demand, OJSC KAMAZ has decided to satisfy 33 investor bids.

Settlements under the deal will take place upon placement of the notes on MICEX on February 8, 2011.