By Wendy Van Sickle
Columbus, Ohio, May 18 – Russia’s Sberbank priced RUB 10 billion of 9.9% BO-18 series certificated interest-bearing non-convertible exchange-traded bearer bonds, according to a notice.
The bonds have a five-year maturity with a three-year put option.
The issuer said in a notice that it considers this placement “the next step in establishing its presence in the long term domestic debt market and setting up a full-fledged local bond curve.”
Sberbank CIB acted as lead manager.
Sberbank is a lender based in Moscow.
| Issuer: | Sberbank
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| Amount: | RUB 10 billion
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| Tenor: | Five years
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| Description: | BO-18 series certificated interest-bearing nonconvertible exchange-traded bearer bonds
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| Coupon: | 9.9%
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| Put option: | Three years
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| Lead manager: | Sberbank CIB
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| Settlement date: | May 18
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