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Published on 2/8/2005 in the Prospect News Emerging Markets Daily.

New Issue: Sberbank $150 million 10-year note add-on yields 6.23%

By Paul A. Harris

St. Louis, Feb. 8 - Russia's Sberbank priced a $150 million add-on to its 6.23% 10-year eurobonds (Baa2) at par, according to a market source.

UBS Investment Bank ran the books for the Regulation S offering.

Sberbank priced the original $850 million issue on Feb. 4 at par. The issue size is now $1 billion.

Sberbank is Russia's largest state-controlled bank.

Issuer:Sberbank
Amount:$150 million
Maturity:Feb. 11, 2015
Security description:Add-on to 6.23% eurobonds
Bookrunner:UBS Investment Bank
Coupon:6.23%
Price:Par
Yield:6.23%
Call:Callable on Feb. 11, 2010 at par
Trade date:Feb. 7
Settlement date:Feb. 11
Rating:Moody's: Baa2

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