Published on 2/19/2014 in the Prospect News Emerging Markets Daily.
New Issue: Russia's Sberbank prices $1 billion 5½% notes due 2024 at par
By Christine Van Dusen
Atlanta, Feb. 19 - Russia's OAO Sberbank sold $1 billion 10-year notes at par to yield 5½% on Tuesday, according to a company announcement.
The notes were talked at a yield in the 5 5/8% area.
BofA Merrill Lynch, Credit Suisse, Deutsche Bank and Sberbank CIB were the bookrunners for the notes, which were issued by SB Capital SA.
Last week the Moscow-based lender postponed the deal due to market volatility.
Issuer: | SB Capital SA
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Amount: | $1 billion
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Maturity: | Feb. 26, 2024
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Description: | Notes
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Bookrunners: | BofA Merrill Lynch, Credit Suisse, Deutsche Bank, Sberbank CIB
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Coupon: | 5½%
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Price: | Par
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Yield: | 5½%
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Trade date: | Feb. 18
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Settlement date: | Feb. 26
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Price talk: | 5 5/8% area
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