By Tali Rackner
Minneapolis, Feb. 28 – Russia’s Sberbank priced RUB 25 billion of 6.9% series 001P-04R exchange-traded bonds, according to a notice.
The bonds have a 3½-year maturity and were over-subscribed by more than 50%.
Placement is scheduled for march 2 on the Moscow Exchange.
Sberbank CIB, Gazprombank and Russian Agricultural Bank acted as arrangers.
Sberbank is a lender based in Moscow.
| Issuer: | Sberbank
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| Amount: | RUB 25 billion
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| Tenor: | 3½ years
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| Description: | Series 001P-04R exchange-traded bonds
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| Coupon: | 6.9%
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| Lead arrangers: | Sberbank CIB, Gazprombank and Russian Agricultural Bank
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| Settlement date: | March 2
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