Russian finance group VTB-Leasing has set the first coupon rate on its BO-04 bonds at 9.85% per annum.
The company opened the orderbook for its 10-year Rb8 billion ($226 million) Series BO-04 bonds late last month, placing them on the Moscow stock exchange.
The face value is Rb1,000 per domestic bond.
The debt amortisation is a repayment by the issuer of 5.263% of face value every six months.
VTB Capital is acting as the bookrunner and arranger of the placement.