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.
Issuer, issue numberSberbank, 2023 (LPN16)
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
End of placement05/16/2013
Initial issue price100
Yield at pricing5.25
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:
1 issuesRUR18,500,000,000
9 issuesUSD10,550,000,000
2 issuesEUR1,500,000,000
1 issuesCHF250,000,000
1 issuesTRY550,000,000
Issuer rating:
Moody's Investors ServiceBa2/StableLT Int. Scale (foreign curr)12/08/2015
Moody's Investors ServiceBa1/StableLT Int. Scale (loc. curr.)12/08/2015
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 Scale (Russia)02/24/2015