Published on 4/2/2004 in the Prospect News Emerging Markets Daily.
New Issue: Russian Standard Bank upsized $150 million three-year notes yield 8¾%
By Paul A. Harris
St. Louis, April 2 - Russian Standard Bank priced an upsized issue of $150 million of three-year senior unsecured notes (Ba3/B) Friday at par to yield 8¾%, according to a market source.
Price talk was 8¾% to 8 7/8%.
Barclays Capital and Citigroup ran the books on the Regulation S issue.
| Issuer: | Russian Standard Bank
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| Amount: | $150 million, increased from $125 million
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| Maturity: | April 14, 2007
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| Security description: | Senior unsecured notes
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| Bookrunners: | Barclays Capital, Citigroup
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| Coupon: | 8¾%
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| Price: | Par
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| Yield: | 8¾%
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| Pricing date: | April 2
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| Settlement date: | April 14
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| Ratings: | Moody's: Ba3
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| Standard & Poor's: B
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| Distribution: | Regulation S only
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| Price talk: | 8¾%-8 7/8%
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