Russia's AK Bars Bank widens talk on $150 million three-year notes to 8% from 7¾%-8%

By Paul A. Harris

St. Louis, Oct. 11 - AK Bars revised price talk on its planned offering of $150 million three-year senior loan participation notes to the 8% area from 7¾% to 8% on Tuesday, according to a market source.

The offering is expected to price before the end of the week.

Deutsche Bank Securities has the books for the Regulation S-only offering.

Moody's Investors Service assigns its Ba3 rating to the notes. Fitch rates the notes at B.

The prospective issuer is a full-service bank in the Russian Federation, and is based in Kazan, Republic of Tatarstan.

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