Russia's Sibacadembank sets talk for dollar-denominated three-year notes at 9%-9¼%

By Reshmi Basu

New York, May 4 - Russia's JSC Sibacadembank set price talk for a dollar-denominated offering of three-year fixed-rate notes (B1//B) at 9% to 9¼%, according to a market source.

ABN Amro and Citigroup are joint bookrunners for the Rule 144A and Regulation S offering, which is being marketed via the company's loan participation notes program.

The issuer is a full-service bank with headquarters in Novosibirsk, Russia.

Pricing is expected to take place on Friday or Monday.

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