By Reshmi Basu
New York, Jan. 25 - Privatbank placed a $500 million issue of five-year bonds (Ba3//B) at par to yield 8%, according to a market source.
The issue priced at the tight end of price guidance, which was set in area of 8% to 8¼%.
UBS was the bookrunner for the Regulation S transaction.
The book size was more than $650 million, according to a market source.
Privatbank, based in Dnepropetrovsk, Ukraine, is a commercial bank.
| Issuer: | Privatbank
|
| Amount: | $500 million
|
| Issue: | Bonds
|
| Maturity: | Feb. 6, 2012
|
| Coupon: | 8%
|
| Issue price: | Par
|
| Yield: | 8%
|
| Pricing date: | Jan. 25
|
| Settlement date: | Feb. 6
|
| Lead manager: | UBS
|
| Distribution: | Regulation S
|
| Ratings: | Moody's: Ba3
|
| Fitch: B
|
| Guidance: | 8% to 8¼%
|
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