OREANDA-NEWS. Voronezh Region successfully completed the placement of its government bonds with a nominal value of RUB 5 bln. The bonds (government registration number RU34005VRO0 from December 11, 2012) have a fixed coupon rate and the principal will be amortised. The bonds mature after a period of five years (1,825 days) from the date of issue.

The bonds will have an amortised repayment structure: 25% of their nominal value will be redeemed together with the payment of the seventh and ninth coupons, the issuer will redeem 15% on the date of payment of the eleventh and thirteenth coupons, and 10% will be redeemed on the date of payment of the seventeenth and twentieth coupons. Each bond has a nominal price of RUB 1,000.

The remaining part of the issue worth RUB 4.775 bln was placed. Investor demand exceeded supply by more than two times and totalled over RUB 10 bln. The guidance for the first coupon fell between 100.84 and 101.54% per annum. The issuer determined the price of the additional bond placement at 101.57% of the nominal value. At the same time the coupon was reduced toward the lower book building boundary (8.42-8.76%) and equalled 8.4% per annum.

Sberbank CIB was the general agent of the placement.