New Issue: Russia's Sberbank sells 550 million Turkish lira of 7.4% notes due 2018 at par

By Christine Van Dusen

Atlanta, Feb. 26 - Russia's OAO Sberbank priced a 550 million Turkish lira issue of notes due March 4, 2018 at par to yield 7.4%, a market source said.

The notes were talked at a yield in the 7½% area.

HSBC, JPMorgan and Sberbank CIB were the bookrunners for the Regulation S deal.

Sberbank is a Moscow-based lender.

Issuer:	OAO Sberbank
Amount:	550 million Turkish lira
Maturity:	March 4, 2018
Description:	Notes
Bookrunners:	HSBC, JPMorgan, Sberbank CIB
Coupon:	7.4%
Price:	Par
Yield:	7.4%
Trade date:	Feb. 26
Settlement date:	March 4
Expected ratings:	Moody's: A3
	Fitch: BBB
Distribution:	Regulation S
Price talk:	7½% area

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