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25.03.2008
CBONDS

Zheldoripoteka to float RUR2.5bn worth of 02-series bonds in April.

TransCreditBank is arranging the issue, comprising 2,500,000 bonds at a face value of RUR 1,000 per piece. The issue matures in 4 years and has a buyback potion in a year after placement. The guidance is assessed at 13% - 13.5% p.a. Coupon frequency: 2 time(s) per year. The bonds will be placed on MICEX Stock Exchange trading floor. Zheldoripoteka is a subsidiary of Russian Railways. Zheldoripoteka was established for implementation of the Russian Railways' home construction and mortgage program.