Source: Sberbank to offer at least 15 bln rbl bonds on July 9

MOSCOW, Jul 3 (PRIME) -- Russia’s top bank Sberbank plans to collect bids for at least 15 billion rubles of 3-year exchange bonds on July 9, a banking source told PRIME on Wednesday.

The first coupon rate guidance is 7.7% annually. The bank will collect bids until July 11.

The issue carries semiannual coupons. The technical placement was preliminarily scheduled for July 15.

Alfa-Bank, Russian Agricultural Bank, and Sberbank CIB will act as the organizers.

(63.2265 rubles – U.S. $1)

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