New Issue: Russia's Vnesheconombank's $1 billion 6.902% 10-year notes yield Treasuries plus 400 bps

By Christine Van Dusen

Atlanta, July 1 - Russia's Vnesheconombank priced $1 billion 6.902% notes due July 9, 2020 (Baa1/BBB/BBB) at par to yield Treasuries plus 400 basis points, according to an informed market source.

Barclays, Citigroup, Societe Generale, ING, Troika Dialog and VTB Capital were the bookrunners for the Rule 144A and Regulation S deal.

Vnesheconombank is the Moscow-based Bank for Development and Foreign Economic Affairs.

Issuer:	Vnesheconombank
Amount:	$1 billion
Maturity:	July 9, 2020
Bookrunners:	Barclays, Citigroup, HSBC, Societe Generale, ING, Troika Dialog, VTB Capital
Coupon:	6.902%
Price:	Par
Yield:	6.902%
Spread:	Treasuries plus 400 bps
Trade date:	July 1
Settlement date:	July 9
Ratings:	Moody's: Baa1
	Standard & Poor's: BBB
	Fitch: BBB
Distribution:	Rule 144A/Regulation S

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.