By Cristal Cody
Chicago, April 20 – Russia’s SCF Capital Ltd. sold $430 million of notes with a 3.85% coupon and an April 26, 2028 maturity date, according to a market source.
The notes, sold Tuesday, came with a Treasuries plus 261 basis points spread.
Initial price talk had the notes coming in the 4 3/8% area which was later tightened to the 4 1/8% area.
Alfa Bank, Citigroup, ING, JPMorgan, SberBank and VTB Bank are leading the offering.
Sovcomflot is a maritime shipping company based in St. Petersburg, Russia.
| Issuer: | SCF Capital Ltd.
|
| Issue: | Notes
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| Amount: | $430 million
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| Maturity: | April 26, 2028
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| Bookrunners: | Alfa Bank, Citigroup, ING, JPMorgan, SberBank and VTB Bank
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| Coupon: | 3.85%
|
| Spread: | Treasuries plus 261 bps
|
| Trade date: | April 20
|
| Price talk: | Initial talk in the 4 3/8% area; tightened to 4 1/8% area
|
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