Sovcombank to sell at least $300 million 4.5-year senior notes

By Rebecca Melvin

Concord, N.H., Sept. 28 – Russia’s Sovcombank PJSC plans to issue a minimum $300 million senior unsecured loan participation notes with a 4.5-year maturity (expected rating: //BB+), according to a syndicate source.

Citi, JPMorgan and Societe Generale are joint global coordinators and joint bookrunners, with Emirates NBD Capital, Gazprombank, Mashreq Bank, Raiffeisen Bank International, Renaissance Capital, SberCIB, Sova Capital, UniCredit and VTB Capital also acting as joint lead managers and bookrunners and Sovcombank as joint bookrunner of the Rule 144A and Regulation S offering.

A global investor call was set to be held at 10 a.m. ET on Tuesday, with a series of fixed-income investor calls to follow.

The bank is based in Moscow.

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