New Issue: Russia's Sberbank sells $1 billion 5.717% notes due 2021 at mid-swaps plus 260 bps

By Christine Van Dusen

Atlanta, June 9 - Russia's SB Capital SA, a unit of Sberbank, priced $1 billion 5.717% notes due June 16, 2021 (A3//BBB) at par to yield mid-swaps plus 260 basis points, a market source said.

Deutsche Bank, JPMorgan, RBS and HSBC were the bookrunners for the deal, which came in line with talk of mid-swaps plus the 265 bps area.

Sberbank is a lender based in Moscow.

Issuer:	SB Capital SA
Amount:	$1 billion
Maturity:	June 16, 2021
Description:	Senior notes
Bookrunners:	Deutsche Bank, JPMorgan, RBS, HSBC
Coupon:	5.717%
Price:	Par
Yield:	5.717%
Spread:	Mid-swaps plus 260 bps
Trade date:	June 9
Settlement date:	June 16
Ratings:	Moody's: A3
	Fitch: BBB
Price talk:	Mid-swaps plus 265 bps area

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