Russia's Sberbank to start marketing for 10-year loan participation notes next week in Asia and Europe

By Reshmi Basu

New York, Jan. 24 - Sberbank plans to start a roadshow next week for its benchmark-sized 10-year loan participation notes (subordinated: Baa3/BB+, senior: Baa2/BBB-) in Asia and Europe, according to a market source.

The marketing starts Jan. 31 in Hong Kong, Frankfurt and Munich, moves to Singapore, Geneva and Zurich on Feb. 1, before stopping in Vienna and Milan on Feb. 2. The roadshow wraps up in London on Feb. 3.

UBS Investment Bank is running the Regulation S note offering.

The proposed lower tier two notes are non-callable for five years.

Sberbank, based in Moscow, is a financial institution.

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