New Issue: Russia's Sberbank prices CHF 325 million 3.1% 3.5-year notes at par

By Paul A. Harris

Portland, Ore., Feb. 15 - Russia-based Sberbank priced a CHF 325 million issue of 3.5-year loan participation notes (A3//BBB) at par to yield 3.1% on Wednesday, according to market sources.

UBS and Credit Suisse ran the books.

Issuer:	SB Capital SA (Sberbank)
Amount:	CHF 325 million
Maturity:	Sept. 14, 2015
Securities:	Loan participation notes
Bookrunners:	UBS, Credit Suisse
Joint lead manager:	Troika
Coupon:	3.1%
Price:	Par
Yield:	3.1%
Spread:	Mid-swaps plus 289.7 bps
Trade date:	Feb. 15
Ratings:	Moody's: A3
	Fitch: BBB
Format:	Loan participation notes program

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