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Latvia's Parex Banka to sell up to €200 million eurobonds via CSFB, JP Morgan
By Paul A. Harris
St. Louis, March 1 - Latvia's Parex Banka plans to make its debut on the eurobond market with an offering of up to €200 million, according to Natalja Rodionova, the head of that institution's international communications department.
"The roadshow will be started shortly, but we have not decided on the exact date," Rodionova told Prospect News in an e-mail message Tuesday.
The bonds, which are rated Ba1 by Moody's Investors Service and BB+ by Standard & Poor's, are expected to come with a three-year or five-year maturity, she added.
Credit Suisse First Boston and JP Morgan have the bookrunning mandate.
Parex Banka is the largest bank in Latvia in terms of assets, deposits, capital and reserves.
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