OREANDA-NEWS. June 01, 2011. Russian Agricultural Bank priced a 10-year subordinated Eurobond issue in the amount of USD 800 million at the rate of 6.0%, with a call option in 2016. Joint Lead Managers are Barclays Capital, JP Morgan and VTB Capital, reported the press-centre of RusAg.

International investor’s confidence and high perception of the Bank’s credit quality allowed Russian Agricultural Bank to attract leveraging resources in Tier II capital at the most attractive price.

Russian Agricultural Bank is the first Russian bank, which has issued subordinated Eurobonds in a joint format of 144A and Reg S and offered securities to the U.S. investors directly. For the first time after the global financial crisis, a Russian issuer was able to use the classic structure of a 10-year issue, with a call option at five years before maturity. The Issue attracted strong demand from over 140 investors from Europe, USA and Asia, and is the largest placement of subordinated Eurobonds from Russia in the past 5 years.