OREANDA-NEWS. November 01, 2012. The order book was closed for LLC Rusfinance Bank’s issue of series BO-03 bonds worth RUB 4 bln and with a two-year put option.

During book-building more than twenty investor bids were received with the coupon rate ranging from 9.50-10% annually. Demand for the bonds totaled RUB 4.43 bln, which exceeded the amount of the issuance by over 10%.

Upon the conclusion of book-building, LLC Rusfinance Bank set the coupon rate for the bonds at 10% annually. Despite a negative background due to the closure of U.S. markets and a large correction in the global equity and commodities markets, Rusfinance Bank was able to achieve a full subscription within the planned range. This once again demonstrates the high degree of trust investors have in the issuer’s credit profile as well as in the company’s future prospects.

The proceeds from the sale will go towards financing the company’s main line of business, which is consumer lending. The bank plans to continue to develop its main product line: automobile and consumer financing at the bank’s points of sale, general loans, and credit card servicing.

The technical conclusion of the purchase/sale agreements for the bonds will take place on November 2, 2012, on the MICEX.