Published on 10/8/2010 in the Prospect News Emerging Markets Daily.
New Issue: Russia's Sberbank prices $250 million tap of $1 billion 5.4% notes to yield 5¼%
By Christine Van Dusen
Atlanta, Oct. 8 - Russia's Sberbank priced a $250 million tap of its $1 billion 5.4% loan participation notes to yield 5¼%, a market source said Friday.
Barclays, BNP Paribas and ING were the bookrunners for the Regulation S deal, which was whispered to yield in the 5¼% to 5.35% area.
The original issue priced on Sept. 17 at par to yield 5.4%.
Sberbank is a Moscow-based lender.
| Issuer: | Sberbank
|
| Amount: | $250 million
|
| Maturity: | March 2017
|
| Description: | Loan participation notes
|
| Bookrunners: | Barclays, BNP Paribas, ING
|
| Coupon: | 5.4%
|
| Yield: | 5¼%
|
| Trade date: | Oct. 8
|
| Distribution: | Regulation S
|
| Price talk: | Whispered at the 5¼% to 5.35% area
|
| Total amount: | $1.25 billion, including $1 billion priced Sept. 17 at par
|
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