Published on 5/22/2007 in the Prospect News Emerging Markets Daily.
New Issue: Russia's National Bank Trust sells $200 million three-year notes at 9 3/8%
By Reshmi Basu
New York, May 22 - National Bank Trust sold a $200 million offering of three-year senior unsecured notes (B1/B-) at par to yield 9 3/8%, according to a market source.
Citigroup and Trust Investment Bank were lead managers for the Regulation S deal.
Based in Moscow, NBT is a member of Trust Group, which also includes Trust Investment Bank.
| Issuer: | NBT Finance Ltd.
|
| Borrower: | National Bank Trust
|
| Amount: | $200 million
|
| Issue: | Loan participation notes
|
| Maturity: | May 29, 2010
|
| Coupon: | 9 3/8%
|
| Issue price: | Par
|
| Yield: | 9 3/8%
|
| Spread: | Treasuries plus 463 bps
|
| Lead managers: | Citigroup, Trust Investment Bank
|
| Pricing date: | May 21
|
| Ratings: | Moody's: B1
|
| Fitch: B-
|
| Distribution: | Regulation S
|
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