Source: Sberbank to offer bonds in US dollars, euros, rubles soon

MOSCOW, Dec 27 (PRIME) -- Sberbank plans to offer the subordinated bonds denominated in the U.S. dollars, euros and rubles on January 17–20, a financial source told PRIME on Monday.

The coupon guidance for the dollar issue amounts to 3.55% annually, for the euro bond to about 2%, for the ruble bond to 9.8% annually.

The bank will offer the 10-year bonds of three series with qualified investors under a private subscription. All issues will carry semiannual coupons. The face value amounts to U.S. $150,000, 125,000 euros and 10 million rubles per security.

The ruble issue offering is to amount to at least 10 billion rubles.

The issues carry a 5-year put option.

The technical placement is preliminarily scheduled for January 21.

(73.2329 – U.S. $1)  

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