0.01% + floating rate tied to RTS Index and dollar-ruble exchage rate
• Floating rate:
Yes
• Settlement Date:
Jun 18 2009
• Maturity date:
Dec 20 2010
• Early redemption terms:
1.5 year put option, date: 20.12.10, price: 100.
• Issue Managers:
Troika Dialog
• Trading floor, listing category:
OTC Market
• Additional information:
Russian domestic issue of an RTS-index-linked note
Released according to Russian legislature, Troika Index Bonds are analogous to capital protection notes, a popular product on foreign capital markets. The bonds are issued by special purpose vehicle OOO Troika Invest. Adding to the credit quality of the release is a binding offer issued by Troika Dialog Investment Company to purchase the bonds at nominal cost accounting for all enumerated coupons at redemption date in case the issuer fails to meet its obligations.
Demand for Troika Index Bonds amounted to 176.6 mln rubles from 326 investors. On June 16, the issuer fixed the dependence coefficient for the bonds at 45%. Delivery of the bonds to investors’ accounts will begin on June 18. The bonds will circulate on the OTC market by the same procedure as typical ruble bonds. The issuer placed RUR 176,555,000 in bonds out of RUR500m on offer.
