Published on 7/29/2010 in the Prospect News Emerging Markets Daily.
New Issue: Russia's Sberbank sells $500 million add-on to 5.499% notes due 2015 at par
By Christine Van Dusen
Atlanta, July 29 - Russian lender Sberbank priced a $500 million add-on to its $1 billion 5.499% notes due July 2015 at par, a market source said.
The original issue also priced at par to yield 5.499%, or mid-swaps plus 345 basis points.
DZ Bank, JPMorgan and RBS were the bookrunners for the Regulation S deal.
Sberbank is a Moscow-based lender.
Issuer: | Sberbank
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Amount: | $500 million
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Maturity: | July 7, 2015
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Description: | Add-on to 5.499% notes
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Bookrunners: | DZ Bank, JPMorgan, RBS
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Coupon: | 5.499%
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Price: | Par
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Yield: | 5.499%
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Trade date: | July 28
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Settlement date: | Aug. 3
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Distribution: | Regulation S
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Total amount: | $1.5 billion, including $1 billion priced June 30 at par
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