New Issue: Russia's Sberbank sells €1 billion 3.3524% notes due 2019 at par

By Christine Van Dusen

Atlanta, June 23 – Russia’s OAO Sberbank sold €1 billion 3.3524% notes due 2019 (Baa1//BBB) at par to yield 3.3524%, or mid-swaps plus 260 basis points, a market source said.

The notes were initially talked at a spread in the mid-to-high-200 bps area.

Barclays, BNP Paribas, Deutsche Bank and Sberbank CIB were the bookrunners for the Regulation S deal.

Sberbank is a Moscow-based lender.

Issuer:	OAO Sberbank
Amount:	€1 billion
Maturity:	Nov. 15, 2019
Description:	Senior loan-participation notes
Bookrunners:	Barclays, BNP Paribas, Deutsche Bank, Sberbank
Coupon:	3.3524%
Price:	Par
Yield:	3.3524%
Spread:	Mid-swaps plus 260 bps
Trade date:	June 23
Settlement date:	Aug. 15
Ratings:	Moody’s: Baa1
	Fitch: BBB
Distribution:	Regulation S
Price talk:	Mid-to-high-200 bps area

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