By Reshmi Basu
New York, Oct. 26 - Nadra Bank of Ukraine priced $100 million of three-year loan participation notes (B1/B-/B-) at par to yield 9½%, according to a market source.
The deal came inside of price guidance of 9% area.
Dresdner Kleinwort Wasserstein and UBS Investment Bank were managers for the Regulation S transaction.
Nadra is based in Kiev.
Issuer: Dresdner Bank AG
Borrower: Nadra Bank of Ukraine
Amount: $100 million
Issue: Loan participation notes
| Maturity: | 3 years
|
| Coupon: | 9½%
|
| Issue price: | Par
|
| Yield: | 9½%
|
| Pricing date: | Oct. 26
|
| Settlement date: | Nov. 4
|
| Lead managers: | Dresdner Kleinwort Wasserstein, UBS Investment Bank
|
| Ratings: | Moody's: B1
|
| Standard & Poor's: B-
|
| Fitch: B-
|
| Price guidance: | 9% area
|
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