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Slavinvestbank (Russia) sets talk for three-year bonds at 9¾%-10%
By Reshmi Basu
New York, Dec. 8 - Slavinvestbank LLC (Russia) (B1//B-) set initial price guidance for a dollar-denominated issue of three-year bonds at 9¾% to 10%, according to a market source.
ABN Amro is the bookrunner for the Regulation S transaction.
Kazakhstan's Bank TuranAlem directly owns 15% of Slavinvest.
Additionally, Bank TuranAlem announced its plans to acquire 51% control of Slavinvestbank by the end of 2007. There is an investor put option 18 months at par if Bank TuranAlem does not raise direct ownership of Slavinvestbank to 51% or higher.
The roadshow wrapped up in Germany on Friday.
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