OREANDA-NEWS. July 24, 2012. Russian Railways has successfully completed a secondary placement of Series 14 bonds at an auction. As a result of the marketing campaign, 19 applications were received from investors, with overall demand exceeding 9.7 billion roubles. Prices indicated in the bids ranged between 100.00 and 100.25% of the bonds’ nominal value, reported the press-centre of Russian Railways. 

The issuer decided to place the bonds at par. The secondary placement amounted to 9,062,963,000 roubles.

The Series 14 bonds have a coupon rate of 7.85% per annum and mature on 7 April 2015.

The secondary offering was organised by CJSC VTB Capital, Gazprombank (OJSC) and CJSC Troika Dialog.