Currency converter
^
News Feed
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

Russia’s Sberbank to place at least €500 mln Eurobonds — source

June 23, 2014, 15:20 UTC+3 MOSCOW
1 pages in this article

MOSCOW, June 23. /ITAR-TASS/. Russia’s biggest lender Sberbank is selling at least €500 million Eurobonds at 2.5-3.0 basis points above average market swaps, a financial market source said on Monday.

The placement is being held on the Irish Stock Exchange. The bonds mature on November 2019. Barclays, BNP Paribas, Deutsche Bank and Sberbank CIB were appointed organizers of the placement.

The issue will be placed by an affiliate of Sberbank, SB Capital. Sberbank has 28 issues of Eurobonds, with 22 denominated in US dollars, three in Swiss francs, and three in euros, rubles and Turkish liras, in circulation.

On June 4, Alfa-Bank became the first Russian bank to enter the debt market since the start of the Ukrainian crisis. The bank placed 3-year €600 million bonds. Demand exceeded the offer four times and the yield was cut to 5.5% from forecasted 5.75-6%.

Show more
In other media
Реклама
Реклама