OREANDA-NEWS. February 11, 2013. Russian Agricultural Bank (Baa1 / BBB) has placed a RUB 10 billion Eurobond due in February 2018, reported the press-centre of Russian Agricultural Bank.

The placement was completed with the coupon set at 7,875% p.a., initially announced at "high 7s%".

"The Eurobond issue is placed under the funding plan for 2013. RusAg’s activity in the ruble Eurobond market and favourable market conditions have allowed to attract Russian rubles for a 5-year tenor at the rate substantially lower than the cost of funding available in the local debt market," said Victoria V. Kirina, Deputy Chairman of the Management Board at Russian Agricultural Bank.

Joint Lead Managers are Citi, Deutsche Bank, J.P.Morgan, VTB Capital.