By Aaron Hochman-Zimmerman
New York, July 18 - Pivdennyi Bank completed the sale of its proposed $100 million three-year eurobond (B1/B-) at par to yield 10¼%, according to a market source.
The Regulation S deal, managed by BNP Paribas and Standard Chartered, came on top of the initial guidance.
The bonds mature on Aug. 3, 2010.
Pivdennyi Bank is an Odessa, Ukraine-based commercial and investment bank.
| Issuer: | Pivdennyi Bank
|
| Amount: | $100 million
|
| Issue: | Three-year eurobond
|
| Maturity: | Aug. 3, 2010
|
| Coupon: | 10¼%
|
| Price: | Par
|
| Yield: | 10¼%
|
| Bookrunners: | BNP Paribas, Standard Chartered
|
| Pricing date: | July 18
|
| Settlement date: | July 26
|
| Distribution: | Regulation S
|
| Rating: | Moody's: B1
|
| Standard & Poor's: B-
|
| Talk: | 10¼% area
|
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