By Reshmi Basu
New York, Nov. 9 - Getin Bank SA placed a $100 million offering of two-year bonds (Ba2/BB) at par to yield 7 5/8%, according to a market source.
The deal came at the wide end of price guidance, which was set at 7½% to 7 5/8%.
Barclays Capital was the bookrunner for the Regulation S transaction.
The issuer is a Katowice, Poland-based bank that operates in mortgage lending and is 99.2% controlled by Getin Holding SA, a company consolidating financial sector companies in Poland and in Russia.
| Issuer: | Getin Bank SA
|
| Amount: | $100 million
|
| Maturity: | Nov. 19, 2008
|
| Coupon: | 7 5/8%
|
| Issue price: | Par
|
| Yield: | 7 5/8%
|
| Spread: | 251 basis points more than mid-swaps
|
| Pricing date: | Nov. 9
|
| Settlement date: | Nov. 14
|
| Bookrunner: | Barclays Capital
|
| Ratings: | Moody's: Ba2
|
| Standard & Poor's: BB
|
| Price guidance: | 7½% to 7 5/8%
|
| Distribution: | Regulation S
|
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