Sberbank to offer 2 bln rbl structured exchange bonds on Dec 18

MOSCOW, Nov 26 (PRIME) -- Russian top lender Sberbank plans to offer 2 billion rubles of 2-year structured exchange bonds on December 18, the bank said in a statement Monday.

The issue has one coupon period with a fixed coupon rate 0.01% annually and an additional income depending on the price of common shares of Tiffany & Co on the New York Stock Exchange, LVMH on Euronext Paris and Compagnie Financiere Richemont on Switzerland’s SIX.

The bonds will be offered under an exchange bond program registered in October 2015.

(65.6664 rubles – U.S. $1)

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