The bank's press service said the bonds were issued at par value, with an annual interest rate of 6.97%.
The issue, organized by Barclays Capital and HSBC investment banks, has been placed among 122 European and Asian companies and banks.
Rosselkhozbank was founded in 2000 to service Russia's agricultural sector. Agriculture receives considerable state support, which was increased further in 2006 with the launch of a priority national project to develop the agro-industrial sector.
Rosselkhozbank is 100% state owned. As of the end of the first half of 2006, it was on a list of Russia's 15 largest banks. It offers a wide range of services to medium and small agricultural businesses, as well as to Russia's rural population through its network, comprised of more than 500 offices across the country.
