By Aaron Hochman-Zimmerman
New York, June 19 - OJSC Sberbank (A2//BBB+) priced $500 million of five-year senior bullet bonds at par with a coupon of 6.468% to yield a spread of mid-swaps plus 200 basis points, according to a market source.
The deal came at the tight end of talk for a spread of mid-swaps plus 200 bps to 210 bps.
Barclays and JPMorgan were bookrunners for the Regulation S deal.
The bonds were issued from the bank's medium-term note program.
Sberbank is a Moscow-based commercial bank.
| Issuer: | OJSC Sberbank
|
| Amount: | $500 million
|
| Issue: | Senior bullet notes
|
| Maturity: | July 2, 2013
|
| Coupon: | 6.468%
|
| Price: | Par
|
| Yield: | 6.468%
|
| Spread: | Mid-swaps plus 200 bps
|
| Bookrunners: | Barclays, JPMorgan
|
| Pricing date: | June 19
|
| Settlement date: | July 2
|
| Ratings: | Moody's: A2
|
| Fitch: BBB+
|
| Price talk: | Mid-swaps plus 200 bps to 210 bps
|
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