On July 22, 2003 Uralsvyazinform RUR 3 bln bonds issue was placed at MICEX. The parameters of issue were as follows: volume – RUR 3 bln, maturity period – 3 years. The bonds’ coupon period is semi-annual. The first coupon rate was determined at the competitive tender, held on placement date. The subsequent coupon rates were fixed as equal to the first coupon rate.
190 bids equivalent to RUR 3,968 thous. were made by investors during the coupon rate tender. The resulting 14.25% per annum were arrived at as the first coupon rate. The effective YTM amounted to 14.76% per annum. 167 bids were satisfied during the tender. The issue was placed in full within the tender.
Investment Group “Renaissance Capital” and OAO “Industrial Construction Bank” acted as Organizers for bond placement, Svyazinvest acted as project Coordinator.
Industrial Construction Bank acted as Underwriter, and Bank for Foreign Trade, Bank Zenit, International Moscow Bank and Khanty-Mansyisk Bank acted as Co-Lead Managers.