Renaissance Capital, an independent firm operating in Russia and former Soviet republics, said the bonds, with a three-year maturity, had been arranged by Renaissance Group and Citigroup.
The Eurobonds, carrying six semi-annual coupons, with the first coupon rate determined at 9.5% per annum during the placement, were purchased by investors from the United States (33%), Great Britain (32%), other European states (17%), Asia (4%) and Russia (14%), Renaissance Capital said.
The company is part of Renaissance Group, an independent group of finance and investment companies specializing in high-opportunity emerging markets. Renaissance Group is involved in investment banking, asset management, merchant banking and consumer finance.
