OREANDA-NEWS. December 06, 2012. The order book for the issue of Vologda Region government bonds with a nominal value of RUB 4.6 bln was closed. The bonds (government registration number RU34003VLG0 from November 29, 2012) have a fixed coupon rate and the principal will be amortized. The bonds mature after a period of five years (1,820 days) from the date of issue.

During bookbuilding, 35 investor bids were received with the first coupon rate falling between 9.50% and 10.55% annually. Overall investor demand totalled over RUB 8.5 bln.

Upon review of the bids placed, the issuer established the first coupon rate at 9.75% per annum and decided to fulfil 34 bids to a total of RUB 4.6 bln.

The technical conclusion of the purchase/sale agreements for the bonds will take place December 11, 2012, on the MICEX.

Sberbank CIB1 was the general agent of the placement.

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Sberbank CIB

The Corporate & Investment Banking Business was created as part of the integration of Sberbank of Russia and Troika Dialog. Sberbank CIB’s key areas of activity are corporate financing2, investment banking services, trade operations with securities, and alternative investments. Sberbank of Russia’s Corporate & Investment Banking Business provides integrated financial solutions and investment advisory services to its clients, which include major corporations, financial institutions, sovereign states and federal and sub-federal government bodies and organisations. Sberbank CIB is part of Sberbank of Russia’s Corporate Business Block.