By Christine Van Dusen
Atlanta, May 24 – Russia priced $1.75 billion 4¾% 10-year notes at par to yield mid-swaps plus 303 basis points on Tuesday, a market source said.
The notes (BB+/BBB-) were initially talked at a yield of 4.65% to 4.9%.
VTB Capital was the bookrunner for the Rule 144A and Regulation S deal.
The sovereign says the proceeds will not go to any sanctioned entities.
| Issuer: | Russia
|
| Amount: | $1.75 billion
|
| Maturity: | May 27, 2026
|
| Description: | Notes
|
| Bookrunner: | VTB Capital
|
| Coupon: | 4¾%
|
| Price: | Par
|
| Yield: | 4¾%
|
| Spread: | Mid-swaps plus 303 bps
|
| Trade date: | May 24
|
| Settlement date: | May 27
|
| Ratings: | S&P: BB+
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 4.65% to 4.9%
|
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