New Issue: City of Kiev prices $300 million 9 3/8% notes due 2016 at par

By Christine Van Dusen

Atlanta, June 30 - The City of Kiev sold $300 million 9 3/8% loan participation notes due July 11, 2016 (B2/B-/B-) at par, a market source said.

The notes priced at the tight end of talk, which was set at 9 3/8% to 9½%.

Credit Suisse, Deutsche Bank, Vnesheconombank and VTB Capital were the bookrunners for the Rule 144A and Regulation S notes.

Proceeds will be used to refinance a $200 million eurobond due July 15 and for general budgetary purposes.

Issuer:	City of Kiev
Amount:	$300 million
Maturity:	July 11, 2016
Description:	Loan participation notes
Bookrunners:	Credit Suisse, Deutsche Bank, Vnesheconombank, VTB Capital
Coupon:	9 3/8%
Price:	Par
Yield:	9 3/8%
Trade date:	June 30
Settlement date:	July 11
Expected ratings:	Moody's: B2
	Standard & Poor's: B-
	Fitch: B-
Distribution:	Rule 144A Regulation S
Price talk:	9 3/8% to 9½%

© 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.