Fitch: Sberbank eurobond BBB

Fitch Ratings said it assigned a BBB long-term rating to Sberbank of Russia's 550 million in Turkish lira eurobond issue.

The notes were issued by SPV SB Capital SA under Sberbank's $30 billion loan participation notes program.

The notes are due in March 2018 and have a fixed 7.4% coupon rate.

Sberbank's obligations under the loan agreement will rank equally with the claims of other senior unsecured creditors, except the claims of retail depositors, the agency said.

The rating corresponds to Sberbank's BBB long-term foreign-currency issuer default rating.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.