By Reshmi Basu
New York, June 17 - OJSC Alfa Bank priced an upsized $250 million offering of three-year bonds (Ba2/B/B+) at par to yield 7¾%, according to a market source.
The deal, increased from $200 million, came in at the tight end of price guidance, which had been set in the 7 7/8% area.
Barclays Capital and JP Morgan were joint bookrunners for the Regulation S offering.
Alfa Bank, based in Moscow, is a privately owned bank.
| Issuer: | Alfa MTN Invest Ltd.
|
| Borrower: | OJSC Alfa Bank
|
| Amount: | $250 million
|
| Issue: | Senior bonds
|
| Maturity: | July 2, 2008
|
| Coupon: | 7¾%
|
| Issue price: | Par
|
| Yield: | 7¾%
|
| Pricing date: | June 17
|
| Settlement date: | June 28
|
| Joint bookrunners: | Barclays Capital, JP Morgan
|
| Ratings: | Moody's: Ba2
|
| Standard & Poor's: B
|
| Fitch: B+
|
| Price guidance: | 7 7/8%
|
|
|
© 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.
