By Susanna Moon
Chicago, June 29 – Russia’s Sberbank priced RUB 50 billion of series 001P-12R exchange-traded bonds due in three years and seven months with a coupon of 7.6%.
The organizers are Sberbank CIB, Russian Agricultural Bank and BC Region.
The total demand of applications exceeded the placement volume by more than 50%, according to a notice.
“The placement of Sberbank’s bonds is another step towards building a benchmark for the Russian bond market. The current issue generated extensive demand from investors and clients,” Alexander Morozov, deputy chairman of the executive board of Sberbank, said in the release.
Sberbank is a lender based in Moscow.
| Issuer: | Sberbank
|
| Issue: | Series 001P-12R exchange-traded bonds
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| Amount: | RUB 50 billion
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| Maturity: | Three years and seven months
|
| Arrangers: | Sberbank CIB, Russian Agricultural Bank and BC Region
|
| Coupon: | 7.6%
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