By Aaron Hochman-Zimmerman
New York, June 18 - Transcreditbank (Ba1/BB) priced $350 million of three-year loan participation senior notes at 9%, according to a market source.
The deal came at the tight end of talked of between 9% and 9¼%.
Dresdner Kleinwort and JPMorgan acted as bookrunners for the Regulation S deal.
Transcredit is a Moscow-based retail and commercial bank.
| Issuer: | Transcreditbank
|
| Amount: | $350 million
|
| Issue: | Loan participation senior notes
|
| Maturity: | June 25, 2011
|
| Yield: | 9%
|
| Bookrunners: | Dresdner Kleinwort, JPMorgan
|
| Pricing date: | June 18
|
| Ratings: | Moody's: Ba1
|
| Standard & Poor's: BB
|
| Price talk: | 9% to 9¼%
|
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