OREANDA-NEWS. July 08, 2011. Troika Dialog and Promsvyazbank have successfully placed CJSC AKB “NOVIKOMBANK”’s series BO-01 commercial paper issue (issue identification number 4B020102546B dated 06.06.2011).

The order book on CJSC AKB "NOVIKOMBANK"’s series BO-01 issue was closed on July 5, 2011. Investor bids submitted over the course of book building indicated primary coupon rates ranging from 8.10% to 9.00% annually. In total, 45 investor bids were submitted during the placement process.

Due to strong investor demand shown for the issue, the order book was closed with the coupon at 8.5% annually, which corresponds to the lower border of the initially stated price range of 8.50-9.00%.

The commercial paper issue, with nominal value of R3 bln and a put option in two years, was placed on the MICEX on July 7, 2011. Interest rates on the second, third and fourth coupons are equal to the first coupon. Coupon payments are made twice a year.

The organizers of the loan were OJSC Promsvyazbank and Troika Dialog.

The placement syndicate also included:

As issue underwriters: Bank ZENIT, Investtorgbank, CREDIT BANK OF MOSCOW, PERVOBANK, Bank Petrocommerce, RESO-Guarantee, MSP Bank.

As co-underwriters: Rosselkhozbank, Metkombank, Veles Capital IC.