October 9, 2012. Within the first three days of the Ural Bank for Reconstruction & Development (UBRD) offering its BO-1 bond issue at MICEX, investors have shown a lot of interests in the issue. For one, at least 20 transactions were landed every day during business hours on October 3,4, and 5, while the total number of transactions came to 68 and amounted to 147m RUR altogether. What is more, 10 transactions were landed within the negotiated deals mode and under the sale and repurchase agreements: these amounted to 389.5m RUR.

‘We feel that the investors’ great interest to this initial offering and therefore their great activity on the secondary market mean they will also pay attention to the UBRD’s other securities issues. Let me remind you that MICEX is already handling the UBRD’s second bond issue (02 Series) totaling to 2bn RUR; this issue is to be redeemed in 2014 and is already on the Russian Central Bank’s Lombard List. What is more, three more bond issues (BO-2, BO-3, and BO-4) worth a total of 8bn RUR have already been registered with the stocks authorities,’ says the bank’s Financial Institutions & Investment Services Director Vladimir Zotov.