By Paul A. Harris
St. Louis, Jan. 15 - Sistema Capital SA priced an upsized $350 million of seven-year eurobonds (B3/B-/B-) Thursday at par to yield 8 7/8%, or 538 basis points over Treasuries, market sources said.
The issue, which matures Jan. 28, 2011, was increased from a planned $250 million.
Credit Suisse First Boston ran the books on the Rule 144A/Regulation S issue.
The notes become putable on Jan. 28, 2007.
Sistema is a Russian conglomerate.
| Issuer: | Sistema Capital SA
|
| Amount: | $350 million (increased from $250 million)
|
| Maturity: | Jan. 28, 2011
|
| Security description: | Eurobonds
|
| Bookrunner: | Credit Suisse First Boston
|
| Coupon: | 8 7/8%
|
| Price: | Par
|
| Yield: | 8 7/8%
|
| Put: | Putable on Jan. 28, 2007 at par
|
| Spread: | 538 basis points
|
| Trade date: | Jan. 15
|
| Settlement date: | Jan. 28
|
| Ratings: | Moody's: B3
|
| Standard & Poor's: B-
|
| Fitch: B-
|
|
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