The benchmark rate of the 1st coupon on bonds of IIB series BO-001Р-01 reduced to 8,70-8,80% per annum, which corresponds to yield to put at the level of 8.90-9.00% APR, said a source in the market.
The original indicative rate of the 1st coupon was announced in the range of 9.00-9.25% APR, and then first reduced to 8.85-9.00% APR, and later to 8.80-8.90% per annum.
The bid book for bonds of the issue will be closed today at 16:00 GMT.
The technical placement of securities on the stock exchange is scheduled for June 14, 2017.
The planned volume of placement is up to 10 billion rubles. A maturity of 10 years, expected to offer 2 years and 9 months.
The issue meets the requirements for inclusion in the Lombard list of the CBR, according to the materials to investors.
The organizers of the placement: Raiffeisenbank, Gazprombank, Russian standard Bank, Sovcombank, UniCredit Bank.
Placement of bonds is carried out in the framework of the program of exchange bonds worth up to 100 billion rubles or its equivalent in foreign currency.