By Reshmi Basu and Paul A, Harris
New York, Sept. 8 - Russian Standard Bank sold a €400 million offering of three-year bonds (Ba2/B+) at par to yield 6.825%, or mid-swaps plus 300 basis points, according to an informed source.
Barclays Capital and Credit Suisse were the lead managers for the Regulation S deal.
Russian Standard Bank is a Moscow-based consumer finance institution.
| Issuer: | Russian Standard Bank
|
| Amount: | €400 million
|
| Issue: | Senior bonds
|
| Maturity: | Sept. 16, 2009
|
| Coupon: | 6.825%
|
| Issue price: | Par
|
| Yield: | 6.825%
|
| Spread to mid-swaps: | 300 bps
|
| Pricing date: | Sept. 8
|
| Settlement date: | Sept. 15
|
| Lead managers: | Barclays Capital, Credit Suisse
|
| Ratings: | Moody's: Ba2
|
| Standard & Poor's: B+
|
| Distribution: | Regulation S
|
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