EDB (А3/ВВВ) sets the coupon rate for Series 06 and 07 bonds

Moscow, 30 September 2013. Eurasian Development Bank (EDB) has closed the order book for its Series 06 and 07 bonds for a total of RUB 10 billion. The first coupon is set at 7.85% p.a., which corresponds to an effective yield of 8.0% p.a. (before the put option is exercised).

The issue will mature in seven years, with a put option exercisable in three years. The loan duration is 2.72 years.

The settlements under this transaction will take place on 2 October 2013 at MICEX. The bonds will be included in MICEX’s Quotation List A1.

„The Bank has rightly chosen the time to place its bonds and has successfully closed its order book with a coupon a little bit lower than that of Russia’s first-tier financial institutions,” says Nazira Satbekova, Head of the Capital Markets Department at EDB. „A total of 57 orders were received from investors during the marketing period, to the tune of approximately RUB 19 billion, with the coupon ranging from 7.80% to 8.00% p.a. The marketing range with respect to the coupon was reduced three times.”

The arrangers of the issue are Gazprombank, Sberbank CIB, VTB Capital and Raiffeisenbank. The technical underwriter is Sberbank CIB. The co-arrangers are RONIN and Rosevrobank. The underwriters are NOMOS Bank, the Bank of Russia and the Asian-Pacific Bank.

Additional Information

Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. Read more at https://www.eabr.org.