Russia's AvtoVAZ places 5 billion rouble bond

Newswire

MOSCOW, May 29 (Reuters) - AvtoVAZ , Russia's No. 1 car maker, placed in full a seven-year bond worth 5.0 billion roubles ($193.1 million) on Tuesday, an official at VTB, the issue organiser, told Reuters. The official said bids for the bond amounted to 10.29 billion roubles ($397.3 million). AvtoVAZ said the annual coupon rate for the first two years, with a put option, was set at auction at 7.80 percent. It currently has two outstanding domestic bonds -- a 3.0 billion rouble issue ...

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