By Reshmi Basu
New York, Dec. 15 - Vneshtorgbank sold $300 million 18-month notes (Baa2/BB+/BBB-) at par to yield three-month Libor plus 135 basis points, according to a market source.
The deal came in tighter than price guidance. Guidance was set at Libor plus 140 to 150 basis points.
Deutsche Bank and Barclays Capital are running the Regulation S deal.
Vneshtorgbank, based in Moscow, is a state-owned bank.
| Issuer: | Vneshtorgbank
|
| Amount: | $300 million
|
| Issue: | Floating-rate notes
|
| Maturity: | June 22, 2006
|
| Coupon: | Three-month Libor plus 135 basis points
|
| Issue price: | Par
|
| Yield: | Three-month Libor plus 135 basis points
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 22
|
| Bookrunners: | Deutsche Bank, Barclays Capital
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BB+
|
| Fitch: BBB-
|
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