By Paul A. Harris
St. Louis, Sept. 23 - Russia's Industry & Construction Bank priced a $400 million issue of 10-year subordinated lower tier II eurobonds (Ba2//B) at par to yield 6.2%, according to a market source.
The yield came inside of the 6 3/8% area price guidance.
ABN Amro and Deutsche Bank Securities were bookrunners for the Regulation S issue.
The St. Petersburg-based company is the largest regional bank of Russia.
| Issuer: | Industry & Construction Bank
|
| Amount: | $400 million
|
| Maturity: | Sept. 29, 2015
|
| Security description: | Subordinated lower tier II eurobond
|
| Bookrunners: | ABN Amro, Deutsche Bank Securities
|
| Coupon: | 6.2%
|
| Price: | Par
|
| Yield: | 6.2%
|
| Call protection: | Five years
|
| Settlement date: | Sept. 29
|
| Ratings: | Moody's: Ba2
|
| Fitch: B
|
| Price guidance: | 6 3/8% area
|
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