New Issue: Russia's Sberbank sells CHF 400 million 3½% notes due 2014 at mid-swaps plus 248.5 bps

By Christine Van Dusen

Atlanta, Oct. 29 - Russia's Sberbank priced CHF 400 million 3½% notes (A3//BBB) due Nov. 12, 2014 at par to yield mid-swaps plus 248.5 basis points, a market source said.

RBS and Troika were the bookrunners for the deal, which was marketed on a roadshow from Oct. 20 to Oct. 22.

Sberbank is a Moscow-based lender.

Issuer:	Sberbank
Amount:	CHF 400 million
Maturity:	Nov. 12, 2014
Description:	Notes
Bookrunners:	RBS, Troika
Coupon:	3½%
Price:	Par
Yield:	3½%
Spread:	Mid-swaps plus 248.5 bps
Trade date:	Oct. 28
Settlement date:	Nov. 12
Ratings:	Moody's: A3
	Fitch: BBB

© 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.