By Reshmi Basu
New York, June 27 - JSC Import Export Bank (Impexbank) sold $100 million of two-year bonds (B1/B-/B-) at par to yield 9%, according to a market source.
The deal came in line with price guidance that was in the 9% area.
The notes were issued by Dresdner Bank AG for the purpose of funding a loan to Impexbank.
Dresdner Kleinwort Wasserstein was the lead manager for the offering.
The issuer is a Moscow-based bank.
| Issuer: | Dresdner Bank AG
|
| Borrower: | JSC Import Export Bank (Impexbank)
|
| Amount: | $100 million
|
| Issue: | Eurobond
|
| Maturity: | June 29, 2007
|
| Coupon: | 9%
|
| Issue price: | Par
|
| Yield: | 9%
|
| Pricing date: | June 24
|
| Settlement date: | June 29
|
| Lead manager: | Dresdner Kleinwort Wasserstein
|
| Ratings: | Moody's: B1
|
| Standard & Poor's: B-
|
| Fitch: B-
|
|
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