By Aaron Hochman-Zimmerman
New York, Nov. 19 - The City of Kiev priced a $250 million five-year bond (B1/BB-) at par with a coupon of 8¼% to yield 8¼%, according to a market source.
The deal priced with a spread of 463.5 basis points over Treasuries.
The issue came wider than talk for a yield in the 8% area.
Credit Suisse, Deutsche Bank, UBS and Citigroup were the bookrunners for the Rule 144A and Regulation S deal.
| Issuer: | City of Kiev
|
| Amount: | $250 million
|
| Issue: | Five-year bond
|
| Maturity: | Nov. 26, 2012
|
| Coupon: | 8¼%
|
| Price: | Par
|
| Yield: | 8¼%
|
| Spread: | Treasuries plus 463.5 bps
|
| Bookrunners: | Credit Suisse, Deutsche Bank, UBS, Citigroup
|
| Pricing date: | Nov. 19
|
| Settlement date: | Nov. 26
|
| Distribution: | Rule 144A/Regulation S
|
| Rating: | Moody's: B1
|
| Standard & Poor's: BB-
|
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