New Issue: SovCom Capital sells $300 million 10½-year loan participation notes

By Marisa Wong

Los Angeles, Oct. 1 – SovCom Capital DAC priced $300 million of 10½ loan participation notes at par, according to a notice.

The notes are non-callable for 5½ years.

The Dublin-based special purpose vehicle is issuing the bonds for Kostroma, Russia-based PJSC Sovcombank.

J.P. Morgan Securities plc, Citigroup Global Markets Ltd., UBS AG, GPB Financial Services Hong Kong Ltd., Sberbank CIB (UK) Ltd., VTB Capital plc and Renaissance Capital Ltd. are managers for the Regulation S and Rule 144A offering.

Issuer:	SovCom Capital DAC (PJSC Sovcombank)
Issue:	Loan participation notes
Amount:	$300 million
Maturity:	10½ years
Managers:	J.P. Morgan Securities plc, Citigroup Global Markets Ltd., UBS AG, GPB Financial Services Hong Kong Ltd., Sberbank CIB (UK) Ltd., VTB Capital plc and Renaissance Capital Ltd.
Price:	Par
Call:	Non-callable for 5½ years
Announcement date:	Oct. 1
Distribution:	Regulation S and Rule 144A

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.