By Aaron Hochman-Zimmerman
New York, June 26 - Vostochny Express Bank completed the sale of a 5.4 billion ruble deal at par to yield 9 7/8%, according to a source close to the deal.
The sale came in line with talk of 9 7/8%, which had been tightened from the 10% area.
The two-year notes are due July 3, 2009.
ABN AMRO and Standard Bank were the bookrunners for the Regulation S deal.
Vostochny Express Bank is a Khabarovsk, Russia-based commercial and investment bank.
Issuer: Vostochny Express Bank
Amount: 5.4 billion rubles
Issue: Two-year notes
Maturity: July 3, 2009
Coupon: 9 7/8%
| Price: | Par
|
| Yield: | 9 7/8%
|
| Bookrunners: | ABN AMRO, Standard Bank
|
| Pricing date: | June 26
|
| Settlement date: | July 3
|
| Distribution: | Regulation S
|
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