Kuibyshevazot-Invest has set the first coupon on Series 04 bonds at 8.6% based on bookbuilding results. Prior to closing the order book the issuer slashed coupon guidance to 8.6%-8.8% from 8.75%-9%. The order book was opened at 12:00 on April 4 and closed at 17:00 on April 12, 2011. NOMOS-Bank collected orders. The issuer plans to sell 2 million bonds through public offering. The RUR2bn issue matures in 5 years. The issue has a 3-year put option. The sale is scheduled for April 14.