OREANDA-NEWS. November 23, 2010. Subsidiary Bank Sberbank of Russia (hereinafter - the Bank) informs that on the informal securities market was competed the initial offering of bonds via subscription to bonds of the first and second issues under the Bank first bond program with the circulation term 7 and 9 years accordinglyб reported the press-centre of KASE.

Second tier banks, pension funds, insurance companies, brokerage and managing companies and individuals participated in the subscription.

The volume of orders purchasing submitted exceed the volume of being offered bonds by 4 times.

The Bank satisfied orders with the yield up to 7% APR.

For the Bank these issues are the first and all bonds issue and offering procedures were implemented by the Bank independently without involvement of financial advisors and underwriters.