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Published on 2/6/2013 in the Prospect News Emerging Markets Daily.

New Issue: Russia's Sistema prices RUB 10 billion 8¾% bonds due 2016 at 100.65 to yield 8.72%

By Susanna Moon

Chicago, Feb. 6 - Sistema JSFC said it placed about RUB 10 billion of 8¾% series 3 bonds due 2016 at 100.65 for a yield of 8.72%.

Gazprombank and ZAO Raiffeisenbank were the organizers.

The order books were almost two times oversubscribed, with total demand reaching about RUB 18.8 billion, according to a company press release.

Sistema is a Russian conglomerate based in Moscow.

Issuer:Sistema JSFC
Issue:Notes
Amount:RUB 10 billion
Maturity:Nov. 24, 2016
Managers:Gazprombank and ZAO Raiffeisenbank
Coupon:8¾%
Price:100.65
Yield:8.72%
Announcement date:Feb. 6

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