Petrocommerce Bank, which is on a list of the country's top 30 banks published by the Central Bank, said offshore investors purchased 27% of the three-year issue, Asian investors bought 26%, Swiss investors 15% and investors from Russia and Eastern Europe acquired 13% of the Eurobonds.
"The notes will be consolidated into a single issue, with the $300 million Eurobonds released in December 2006," the bank said.
The consolidated issue will carry an interest rate of 8.75% per annum, the bank said.
The Eurobond main and additional issues were released by Petrocommerce Finance S.A., with ING Wholesale Banking and Merrill Lynch International acting as the lead managers and bookrunners, the bank said.
Petrocommerce Bank had aggregate assets worth 187.4 billion rubles (about $7.1 billion) as of January 1, 2007. The Cyprus-based Reserve Invest Holding Limited is the bank's key shareholder, holding 99.17% of its ordinary stock.
