RZD has completely allocated its 14 series bonds for RUR 15 bln
RZD Corporate Communications Department has informed www.rzd-partner.ru that RZD has placed all bonds in the 14-th series, the total issue produced 15 billion roubles.
RZD began the allocation of bonds on Tuesday, releasing 15 million certificates of 1 thousand roubles each.
As was reported earlier, the coupon rate of RZD bonds of the 14-th series is set at 15 % annually. Payment of the first coupon income will be made on October 13th 2009. The income from one bond of 14-th series will be 74.79 roubles.
Allocation took place in the form of open subscription organized though Gazprombank, Troika Dialog, Gazprombank and Sberbank RF.
A three-year offer was stipulated upon release.
Under bonds of 14-th series the floating rate will be set every half year, as a margin to the RF Central Bank’s weekly repo.
The funding received from the allocation will be directed to finance infrastructural projects within the framework of RZD’s Investment Program and Financial Plan.