The five-year Eurobonds, which have a coupon rate of 6.875% p.a., will mature on November 29, 2010. The bond issue was almost two times oversubscribed, the press office said. European financial institutions were the Eurobond issue's main investors, with Great Britain purchasing 51%, Germany 12%, Switzerland 7% and other European countries 30% of the stock.
Rosselkhozbank placed 50% of its bonds among investment trusts acquiring securities for portfolio investment, while banks acquired 35% of the bonds, insurance and pension funds 5% and retail and other investors 10%.
ABN Amro and Dresdner Kleinwort Wasserstein were the issue's lead managers.
Rosselkhozbank is a 100% government-owned bank. It was founded in 2000 as the leading bank for the country's agri-business. Rosselkhozbank is on the list of Russia's top thirty banks published by the Bank of Russia monthly.
