Published on 9/17/2012 in the Prospect News Emerging Markets Daily.
New Issue: Russia's Tinkoff prices $250 million 10¾% notes due 2015 at par
By Christine Van Dusen
Atlanta, Sept. 17 - Russia's Tinkoff Credit Systems priced a $250 million issue of three-year notes (B2) at par to yield 10¾%, a market source said.
Alfa Bank, Citigroup and JPMorgan were the bookrunners for the Regulation S-only transaction.
Tinkoff is a Moscow-based credit card lending institution.
| Issuer: | Tinkoff Credit Systems
|
| Amount: | $250 million
|
| Maturity: | Sept. 18, 2015
|
| Description: | Senior notes
|
| Bookrunners: | Alfa Bank, Citigroup, JPMorgan
|
| Coupon: | 10¾%
|
| Price: | Par
|
| Yield: | 10¾%
|
| Trade date: | Sept. 14
|
| Settlement date: | Sept. 18
|
| Rating: | Moody's: B2
|
| Distribution: | Regulation S only
|
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