OREANDA-NEWS. March 18, 2011. Russian Agricultural Bank priced a new rouble denominated Eurobond issue due March 2016. The size of the offering is RUB 20 billion with coupon 8.7%, reported the press-centre of Russian Agricultural Bank.

Despite volatile market conditions, the Issue achieved strong supply from over 100 investors and represents the longest maturity for a Russian bank in roubles in international capital markets. Investor geography included Europe, US offshore and Asian investors.

Funds from the placement will be used by Russian Agricultural Bank to further expand financing of the agribusiness sector and related industries – one of the key engines of growth and diversification of Russian economy.