Russian Standard Bank guides investors towards a yield of around 8% on CNY Eurobonds

January 31, 2013 - Cbonds

 

A source close to the deal tells Prime that Russian Standard Bank – one of top thirty Russian banks – has given investors a yield guidance of around 8% p.a. on its new CNY-denominated Eurobonds. According to the source, the bank is looking to sell a 2-year issue.

On January 29-30, Russian Standard Bank held a road show in Singapore and Hong Kong for the Eurobonds in China’s currency. Arrangers are BNP Paribas and HSBC.
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Issuer: Russian Standard Bank
Issuer profile:
Russian Standard Bank is one of the leading consumer lenders in Russia and one the country’s most profitable privately held banks, offering world-class products and services to a broad range of custo... more
Outstanding issues:
2 issuesRUR6,000,000,000
5 issuesUSD1,475,000,000
Issuer rating:
Moody's Investors ServiceB3/NegativeLT Int. Scale (foreign curr)06/08/2015
Moody's Investors ServiceB3/NegativeLT Int. Scale (loc. curr.)06/08/2015
Standard & Poor'sB/StableLT Int. Scale (foreign curr.)02/24/2015
Standard & Poor'sB/StableLT Int. Scale (loc. curr.)02/24/2015
Standard & Poor'sruA-/LT National Scale (Russia)02/24/2015
Fitch RatingsB/NegativeLT Int. Scale (foreign curr.)10/28/2014
Fitch RatingsB/NegativeLT Int.l Scale (local curr.)10/28/2014
Fitch RatingsBBB-(rus)/NegativeNational Scale (Russia)10/28/2014
Moody's Interfax Rating AgencyBaa3.ru/National Scale (Russia)06/09/2015
RusRatingBB/StableInternational scale04/20/2015
RusRatingBBB+/StableNational scale (Russia)04/20/2015
National Rating AgencyWithdrawn/National scale (Russia)05/14/2015