Books closed for Sberbank's stock exchange bonds of BO-19 series in the amount of 15 billion rubles
May 23 2017, Moscow - Today Sberbank has closed a book for its BO-19 Series certificated interest-bearing non-convertible exchange-traded bearer bonds issue with mandatory centralized custody.
The coupon rate was set at 8.30% p.a. The bonds have a ten years maturity from placement date with 4 year put option. Sberbank CIB together with Gazprombank and Rosselkhozbank acted as Arrangers.
The book was oversubscribed nearly 2.0 times, which provided for record low spread to the Federal Loan Bonds (OFZ). This placement represents the next step of execution of Sberbank's strategy of long-term presence at Russian local debt market.
The placement of bonds is scheduled for May 30, 2017 at Moscow Exchange.
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