Russia's Bank of St. Petersburg talks 10-year subordinated notes at 10.5%

By Aaron Hochman-Zimmerman

New York, July 10 - BSPB Finance SA set talk at 10.5% for its upcoming sale of 10-year subordinated bonds (B1), according to a market source.

UBS and JP Morgan have been mandated to act as bookrunners.

The roadshow ends Wednesday and the deal is expected to price this week.

The 10-year bonds offered by St. Petersburg, Russia-based commercial and investment bank carry five years of call protection.

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