New Issue: Latvia's Parex Bank sells €200 million five-year bonds at 99.69

By Reshmi Basu

New York, May 2 - SC Parex Bank (Ba1//BB+) sold a €200 million offering of five-year fixed-rate bonds at 99.69 with a coupon of 5 5/8%, according to a market source.

Deutsche Bank and HSBC were the lead managers for the Regulation S transaction.

Parex Bank is the third-largest bank in Latvia in terms of assets.

Issuer:	SC Parex Bank
Amount:	€200 million
Issue:	Fixed-rate bonds
Maturity:	May 5, 2011
Coupon:	5 5/8%
Issue price:	99.69
Pricing date:	April 28
Settlement date:	May 5
Lead managers:	Deutsche Bank, HSBC
Ratings:	Moody's: Ba1
	Fitch: BB+

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