Baltika has fully placed its three-year bonds. The brewer said in a statement yesterday (26 October) that the bonds, worth a total of RUB1 bln (US$34.8m), have been fully placed via a private offer.

The bonds, which have a face value of RUB1,000, carry seven semi-annual coupons. The first coupon, set at a rate of 4% per annum, will be paid on 23 November.

Raiffeisenbank Austria, the Russia-based subsidiary of Austria's Raiffeisen Zentralbank Oesterreich AG, is the issue's organiser and underwriter. The bank is to buy the whole issue and will start offering the bonds to secondary investors on 23 November.