New bond issue: Sberbank sells USD 1bln in 2018 subordinated Eurobonds with 5.250% coupon

May 17, 2013 - Cbonds

 

Sberbank on May 16, 2013 placed USD 1000m in subordinated Eurobonds with a 5.250% coupon, maturing in 2018.The deal was done via SPV SB Capital S.A.. The bond was priced at 100% to yield 5.25%. BNP Paribas, JP Morgan, UBS, Sberbank CIB arranged the deal.
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Issuer, issue numberSberbank, 5.250% 23may2023, USD (16)
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Amount1,000,000,000
ISINXS0935311240
End of placement05/16/2013
Initial issue price100
Yield at pricing5.25
Coupon5.250%
Coupon frequency2 time(s) per year
Settlement date05/23/2013
Maturity date05/23/2023
Issue ManagersBNP Paribas, JP Morgan, UBS, Sberbank CIB
Trading floorIrish S.E., Berlin Exchange
Issuer: Sberbank
Issuer profile:
Sberbank today is the largest credit institution in Russia, Central and Eastern Europe, accounting for about 30% of the aggregate Russian banking assets. Central Bank of Russia owns over 60% of Sberb... more
Outstanding issues:
3 issuesRUR38,500,000,000
9 issuesUSD10,550,000,000
2 issuesEUR1,500,000,000
1 issuesCHF250,000,000
1 issuesTRY550,000,000
Issuer rating:
Moody's Investors ServiceBa2/NegativeLT- foreign currency04/26/2016
Moody's Investors ServiceBa1/NegativeLT- local currency04/26/2016
Fitch RatingsBBB-/NegativeLT Int. Scale (foreign curr.)12/10/2015
Fitch RatingsAAA(rus)/StableNational Scale (Russia)12/10/2015
Fitch RatingsBBB-/NegativeLT Int. Scale (local curr.)12/10/2015
Moody's Interfax Rating AgencyWithdrawn/National Scale (Russia)03/18/2016