Published on 8/13/2010 in the Prospect News Emerging Markets Daily.
New Issue: Bank of Moscow prices CHF 350 million 4½% loan participation notes due 2013 at par
By Christine Van Dusen
Atlanta, Aug. 13 - Bank of Moscow priced CHF 350 million 4½% loan participation notes (Baa1//BBB-) due Sept. 10, 2013 at par to yield mid-swaps plus 379 basis points, according to a market source.
BNP Paribas and UBS were the bookrunners for the deal, which was talked at the mid-swaps plus 373 bps area.
Bank of Moscow is a Russian lender.
Issuer: | Bank of Moscow
|
Amount: | CHF 350 million
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Maturity: | Sept. 10, 2013
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Description: | Loan participation notes
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Bookrunners: | BNP Paribas, UBS
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Coupon: | 4½%
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Price: | Par
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Yield: | 4½%
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Spread: | Mid-swaps plus 379 bps
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Trade date: | Aug. 12
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Ratings: | Moody's: Baa1
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| Fitch: BBB-
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Price talk: | Mid-swaps plus 373 bps area
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