Russian mining company sells RUB10 billion of bonds

Russian energy company SUEK has sold a ruble-denominated debut bond issue worth RUB10 billion ($323.51 million), according to a release from VTB Capital, which placed the bond. The coupon of the 10-year bond is 9.35%, with redemption by investors possible after three years.

VTB says the book closed with bids coming from nearly 70 investors, including banks, asset management and investment companies, as well as private investors. It says the books were 30% oversubscribed, placing the issue at the bottom of the indicative price range (9.35-9.85% per annum).