By Reshmi Basu
New York, Nov. 3 - JSCB Sberbank, via SB Capital SA, sold a $750 million offering of five-year loan participation notes (A2//BBB) at par to yield 5.93%, or mid-swaps plus 80 basis points, according to a market source.
The deal attracted more than $1.3 billion in orders.
Barclays Capital, Deutsche Bank and Merrill Lynch were joint bookrunners for the Regulation S transaction.
Sberbank is a commercial bank based in Moscow.
| Issuer: | JSCB Sberbank
|
| Amount: | $750 million
|
| Issue: | Loan participation notes
|
| Maturity: | Nov. 14, 2011
|
| Coupon: | 5.93%
|
| Issue price: | Par
|
| Yield: | 5.93%
|
| Spread: | Mid-swaps plus 80 basis points
|
| Joint bookrunners: | Barclays Capital, Deutsche Bank, Merrill Lynch
|
| Pricing date: | Nov. 3
|
| Settlement date: | Nov. 14
|
| Ratings: | Moody's: A2
|
| Fitch: BBB
|
| Distribution: | Regulation S
|
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