By Reshmi Basu
New York, Sept. 28 - Alfa Bank sold a $400 million offering of three-year fixed-rate notes (Ba2/BB-/B+) at par to yield 7 7/8%, according to a market source.
The deal priced at the tight end of revised price guidance, which was lowered to 7 7/8% to 8% from the 8% area.
Meanwhile the book size was close to $900 million.
UBS and JP Morgan were the lead managers for the deal, which was launched under the issuer's euro medium-term note program.
Moscow-based Alfa Bank is the largest privately owned commercial bank in Russia.
| Issuer: | Alfa MTN Issuance Ltd.
|
| Amount: | $400 million
|
| Issue: | Fixed-rate notes
|
| Maturity: | Oct. 10, 2009
|
| Coupon: | 7 7/8%
|
| Issue price: | Par
|
| Yield: | 7 7/8%
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 3
|
| Lead managers: | UBS, JP Morgan
|
| Ratings: | Moody's: Ba2
|
| Standard & Poor's: BB-
|
| Fitch: B+
|
| Revised price guidance: | 7 7/8% to 8%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
