Russia's Sberbank whispers tap of 5.4% notes of 2017 at 5¼%-5.35% area

By Christine Van Dusen

Atlanta, Oct. 7 - Russia-based Sberbank's planned re-tap of its $1 billion 5.4% loan participation notes due 2017 is being whispered to yield in the 5¼% to 5.35% area, a market source said Thursday.

The original issue priced on Sept. 17 at par to yield 5.4% via Barclays, BNP Paribas and ING.

Sberbank is a lender based in Moscow.

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