Federal Grid Company of Unified Energy System has successfully closed the order book of the RUB15bn bond issue, series 18, with 12-year maturity and 2.5 year put-option.
The issue was allocated among a wide range of investors which included banks, investment and management companies.
About 12% of the total demand was formed by foreign investors.
The order book was opened on 5 December with 8.45-8.85% coupon rate indication.
Despite the fact that bookbuilding passed in difficult market conditions, the transaction caused high interest from a wide range of the Russian and international investors.
The company said the total demand exceeded the nominal volume of the issue twofold and reached RUB32bn that became a record for the market from the moment of renewal of primary placements in October of this year.
Story provided by StockMarketWire.com