By Susanna Moon
Chicago, March 16 - Russia-based Sberbank sold another CHF 410 million of 3.1% loan participation notes due Sept. 14, 2015.
The Regulation S notes were issued by SB Capital SA on Wednesday under its $10 billion medium-term note program for the purpose of financing a loan to Sberbank of Russia.
Sberbank priced a CHF 325 million issue of the 3.5-year loan participation notes (A3//BBB) at par to yield 3.1% on Feb. 15. The spread was mid-swaps plus 289.7 basis points. UBS and Credit Suisse ran the books.
| Issuer: | SB Capital SA (Sberbank)
|
| Amount: | CHF 410 million
|
| Maturity: | Sept. 14, 2015
|
| Securities: | Loan participation notes
|
| Bookrunners: | UBS, Credit Suisse
|
| Joint lead manager: | Troika
|
| Coupon: | 3.1%
|
| Trade date: | March 15
|
| Ratings: | Moody's: A3
|
| Fitch: BBB
|
| Distribution: | Regulation S
|
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