By Paul A. Harris
St. Louis, Nov. 7 - Russia's Sibacadembank OJSC priced €300 million five-year loan participation notes (B1//B) at par to yield 8.3% on Friday, according to an informed source.
The yield came at the tight end of the 8.3% to 8.4% price talk, which had been revised from the 8½% area.
Deutsche Bank and UBS were joint bookrunners for the Regulation S issue.
The issuer is a full-service bank with headquarters in Novosibirsk, Russia.
| Issuer: | Sibacadembank OJSC
|
| Amount: | €300 million
|
| Maturity: | Nov. 16, 2011
|
| Security description: | Loan participation notes
|
| Bookrunners: | Deutsche Bank, UBS
|
| Coupon: | 8.3%
|
| Price: | Par
|
| Yield: | 8.3%
|
| Trade date: | Nov. 3
|
| Settlement date: | Nov. 16
|
| Ratings: | Moody's: B1
|
| Fitch: B
|
| Distribution: | Regulation S
|
| Listing: | Dublin
|
| Price guidance: | 8.3% to 8.4% (revised from 8½% area)
|
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