Alfa-Bank and VTB make a full placement of Lenenergo bond issue

There were 72 bids submitted by the investors, with the total volume reaching RUR 4.85 billion. The proposed first coupon rate ranged from 8.15% to 8.90% p.a., and most of the bids were within 8.50% to 8.60% p.a.

The first coupon rate was set by the auction at placement and amounted to 8.54% p.a. (which is RUR 42.58 per a bond); the rates of the second to tenth coupons were equal to the first coupon rate.

Effective YTM of the bonds was 8.72% p.a.

As a result of the auction, 39 bids were satisfied.

The issue was fully placed on the commencement day. Such a success was underpinned by a favorable market environment, impressive membership of the syndication and high credit quality of Lenenergo.

Alfa-Bank and VTB acted as arrangers and underwriters.

ABSOLUT BANK, Dresdner Bank, Evrofinance Mosnarbank, ROSSIYSKIY KREDIT Bank and Bank SOYUZ were the co-arrangers.

AK BARS Bank, TransCreditBank, International Bank of St. Petersburg, Metallinvestbank, National Reserve Bank, NovikomBank, NOMOS BANK, Rosselkhozbank, RTK-Broker, IC Russ-Invest, TRINFICO Investment Company, Uniastrum Bank and Russian International Bank acted as co-underwriters.
The volume of Lenenergo bond issue is RUR 3 billion (State Registration Number is 4-02-00073-À of 14 November 2006). The issue matures in 5 years (1820 days) and will have semi-annual coupon payment. The annual rates of the first to tenth coupons are 8.54% p.a.

Alfa-Bank and VTB acted as arrangers and underwriters, National Depository Center participated as a paying agent and depository of the bonds.

Latest News TransCreditBank arranged AHML's bonds On a Meeting of the Russian Development Bank's Supervisory Board B&N Bank has repaid the Syndicated Loan amounted to USD 27 mln. Vnesheconombank Chairman Vladimir Dmitriev's Briefing on the Results of Vnesheconombank's Supervisory Board Meeting Annual General Meeting of Shareholders was held on June 26, 2009 LOCKO-Bank successfully repaid it’s RUR Eurobond issue On Payments on Eurobonds Transaction with GC "ESTAR" has been cancelled TransCreditBank paid more than 99 % of 2008 dividends Production and Trade Company "Agromat Ltd." Fulfils its Obligations on Payment of Interest Income of Series À, Â

Vnesheconombank Supervisory Board Regular Meeting Held Russian Prime Minister V.V. Putin chaired a meeting of Vnesheconombank (VEB) Supervisory Board: we need to discuss Vnesheconombank's participation in implementing the Government's measures to cope with the crisis, including the Bank’s participation in the programs designed to support small and medium-sized business. [Read...]