The securities were established among Russian investors outside the extent of the government s mortgage assistance programmes.
Moody's accredited a credit rating of Baa3 (sf) to the
Lenders submitted applications with coupon rates ranging from 10.45% to 11.00% per annum, during the book formation. The marketing range has been corrected from the initial 10.25-11.00% to the final 10.50-10.65%.
The issuer determined that the interest rate for the first coupon would be 10.65% per annum, as per the marketing results. Bids for subsequent coupons will be equal to the first coupon.
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