Eurasian Development Bank issued the following announcement on Dec. 21.
The Eurasian Development Bank (EDB) has collected applications for the issue of short-term bonds in rubles in the amount of 3 billion rubles for a period of 62 days. When the book was opened, the benchmark rate for the 1st coupon was set at 6.15-6.25% per annum. As a result of the auction, bids in the amount of 8.2 billion rubles were collected, the coupon was set at 6.15%. Placement of the issue is scheduled for December 26.
Director of the EDB Treasury, Imangaliyev Daniyar: “This is the second placement of EDB short-term bonds on the Moscow Exchange; in September this year, EDB successfully placed a debut issue in the amount of 2 billion rubles. It is very nice to see growing interest from investors on this tool. As a result of yesterday's auction, demand exceeded supply by almost three times. We have determined for ourselves and for the benchmark market at the short end of the curve, next year we will work on longer issues, we plan to study the demand for 6 and 12-month bonds. ”
The organizers are VTB Capital and Otkritie Bank.
The analytical credit rating agency (ACRA) assigned the upcoming issue of short-term bonds of the Eurasian Development Bank (EDB) of the 002Р-02 series with a 2-month circulation period of 3 billion rubles and an expected credit rating of "eAAA (RU)".
Original source can be found here.