OREANDA-NEWS. August 9, 2012. On August 2 an additional placement of the Samara Region’s series 35008 bonds was made on the MICEX Stock Exchange. The volume of the additional placement equalled 3,457 thousand papers. The placement amount is 100% of the nominal value, coupon rate was 9% and yield equalled 9.3%. Therefore the nominal volume of the series 35008 papers in circulation amounts to 10 bln roubles. The issuer does not plan to place the bond’s remaining 5,000 papers.

Overall investor demand for the Samara Region’s additional bond offering totalled 28.87 bln roubles. The order book, which was closed on August 1, includes around 50 investors. Taking into account the impressive oversubscription and the record number of bids, the additional offering will cover the widest possible range of investors.

The bonded loan of the Samara Region is the largest subfederal loan of the current year and is second in terms of the size of placements made by the region.

The organiser of the placement is URALSIB OJSC, and Sberbank Group company CJSC IC Troika Dialog (the joint team of Sberbank and Troika Dialog worked on the placement).

“The order book for the additional placement of the Samara Region’s state bonds was only open for one day, but despite this, demand exceeded the volume of the additional placement by eight times”, noted Alexey Bezrukavnikov, DCM Vice-President at Troika Dialog. “It’s noteworthy that investors continuing to be very trusting of this issuer even during this time of global market uncertainty. The Russian market correlates with the global one, and the window for making placements is currently only open for very short intervals. That is why issuers must be prepared to hold placements as quickly as possible. The Finance Ministry of the Samara Region handled that task well.”