New Issue: Russia's Nomos Bank sells $125 million 10-year bonds at 9¾%

By Reshmi Basu

New York, Oct. 12 - Nomos Bank, via Nomos Capital plc, sold a $125 million offering of 10-year bonds (Ba3//B+) at par to yield 9¾%, according to a market source.

The issue is callable on Oct. 20, 2011. If the bonds are not called, the coupon will step up to Treasuries plus 150 basis points over the spread to five-year Treasuries when the deal was priced.

UBS was the lead manager for the Regulation S transaction.

Moscow-based Nomos is a commercial bank.

Issuer:	Nomos Capital plc
Borrower:	Nomos Bank
Amount:	$125 million
Maturity:	Oct. 20, 2016
Issue:	Bonds
Coupon:	9¾%
Issue price:	Par
Yield:	9¾%
Call option:	Callable on Oct. 20, 2011, if not called, coupon steps up to Treasuries plus 150 bps over spread to five-year Treasuries when the deal was priced
Pricing date:	Oct. 12
Settlement date:	Oct. 20
Lead manager:	UBS
Ratings:	Moody's: Ba3
	Fitch: B+
Distribution:	Regulation S

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