OREANDA-NEWS. January 16, 2012. Sviaz-Bank acted as managing underwriter for seven-year Series 01 bonds issued by Zarechnaya Coal Company, LLC to raise a total of 3 billion rubles at par.

The bonds were sold on the MICEX stock exchange on public subscription by book building in which applications were accepted from investors. The interest rate payable on coupons 1 to 6 was fixed at 10.8%.

Each bond comes with 14 six-month coupons. The issue offers an option of bond buyback before maturity at the issuer’s discretion. Zarechnaya Coal Mine, OJSC acts as surety for the bond issue.