RusAg Exercised its Buy-Back Offer on Bonds Series 05
OREANDA-NEWS. December 15, 2011. Russian Agricultural Bank (RusAg) has fulfilled its obligations to buy out Bonds Series 05 at owners request for the total amount of RUB 5 billion, reported the press-centre of RusAg.
All the bonds were converted on the stock exchange during day session at a nominal price. There were 36 deals arranged. Totally the Bank received bids from investors for more than RUB 7.5 billion.
The issue received strong demand from Russian and international banks, as well as from large investment and asset management companies.
"The successful exercise of the offer amid market instability is the acknowledgement of RusAg`s status as an extremely reliable issuer", said Victoria Kirina, Deputy Chairman of the Management Board at Russian Agricultural Bank.