By Aaron Hochman-Zimmerman
New York, Aug. 7 - JSCB Probusinessbank (//B-) priced $80 million of two-year loan participation notes at par to yield 12½%, according to a market source.
BCP Securities and Credit Suisse were bookrunners for the Regulation S deal.
The notes are putable at par in one year.
Probusinessbank is a Moscow-based lender.
| Issuer: | JSCB Probusinessbank
|
| Amount: | $80 million
|
| Issue: | Loan participation notes
|
| Maturity: | Aug. 18, 2010
|
| Coupon: | 12½%
|
| Price: | Par
|
| Yield: | 12½%
|
| Put: | Aug. 18, 2009
|
| Call: | Non-callable
|
| Bookrunners: | BCP Securities, Credit Suisse
|
| Pricing date: | Aug. 7
|
| Settlement date: | Aug. 18
|
| Distribution: | Regulation S
|
| Ratings: | Fitch: B-
|
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