OREANDA-NEWS. The order book was closed for the purchase of EvrazHolding Finance LLC's series 8 bonds worth RUB 15 bln. The bonds mature 10 years after the date of placement, and have a 4-year put option and 182-day coupon period.

During marketing 31 investor bids were received and overall demand amounted to more than RUB 23 bln. As a result of book building, the first coupon rate was set at 12.95% annually (yield to redemption of 13.37% annually).

Considering the market situation, offering price, first coupon rate of the exchange-traded bonds and existing demand, the issuer decided to accept 28 investor bids.

Eduard Jabarov, Director, Local Debt Capital Markets, Sberbank CIB, said: "Initially the order book was opened for the purchase of bonds totalling RUB 10 bln, but during marketing there was strong demand from investors and the issuer decided to increase the placement to RUB 15 bln. This acknowledges the quality of the issuer and confirms increased demand from investors for debt securities of Russian companies."

The technical placement of the issue is planned for July 1, 2015 on the MICEX Stock Exchange. The placement was organised by Sberbank CIB, VTB Capital and Svyaz-Bank.