By Reshmi Basu
New York, Dec. 1 - JSC SibAcademBank reopened its 9¾% loan participation notes due May 19, 2008 to add $75 million, according to a statement by Dresdner Bank AG, who issued the notes.
The add-on priced at 101½ via Dresdner.
This brings the total size of the issue to $175 million.
SibAcademBank is a private Russian bank based in Novosibirsk.
Issuer: Dresdner Bank AG
Borrower: JSC SibAcademBank
Issue: Add-on to loan participation notes due 2008
Amount: $75 million
Total amount: $175 million
| Maturity: | May 19, 2008
|
| Coupon: | 9¾%
|
| Issue price: | 101½
|
| Lead manager: | Dresdner
|
| Settlement date: | | Dec. 1
|
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