Published on 2/26/2013 in the Prospect News Emerging Markets Daily.
New Issue: Russia's Sberbank sells 550 million Turkish lira of 7.4% notes due 2018 at par
By Christine Van Dusen
Atlanta, Feb. 26 - Russia's OAO Sberbank priced a 550 million Turkish lira issue of notes due March 4, 2018 at par to yield 7.4%, a market source said.
The notes were talked at a yield in the 7½% area.
HSBC, JPMorgan and Sberbank CIB were the bookrunners for the Regulation S deal.
Sberbank is a Moscow-based lender.
Issuer: | OAO Sberbank
|
Amount: | 550 million Turkish lira
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Maturity: | March 4, 2018
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Description: | Notes
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Bookrunners: | HSBC, JPMorgan, Sberbank CIB
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Coupon: | 7.4%
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Price: | Par
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Yield: | 7.4%
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Trade date: | Feb. 26
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Settlement date: | March 4
|
Expected ratings: | Moody's: A3
|
| Fitch: BBB
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Distribution: | Regulation S
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Price talk: | 7½% area
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