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Russia's MDM Bank talks $200 million two-year notes at Treasuries plus 300 bps
By Paul A. Harris
St. Louis, Nov. 28 - Russia's MDM Bank talked its $200 million offering of two-year notes (Ba2/B+/BB-) at a spread of 300 basis points over comparable U.S. Treasuries, a market source told Prospect News on Monday.
Goldman Sachs & Co. has the books for the Regulation S offering, which is expected to price by the ending of the week, subject to market conditions.
The notes will be non-callable for life.
The issuer is a Russia-based financial institution.
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