Published on 10/29/2010 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.
New Issue: Russia's Alrosa Finance prices $1 billion 7¾% notes due 2020 at par
By Christine Van Dusen
Atlanta, Oct. 29 - Russia's Alrosa Finance SA priced $1 billion notes due Nov. 3, 2020 (Ba3/BB/BB) at par to yield 7¾%, a market source said.
JPMorgan, UBS and VTB Capital were the bookrunners for the Rule 144A and Regulation S deal.
Alrosa Finance is a finance subsidiary of Moscow-based Alrosa Co. Ltd., a state-owned diamond mining company.
Issuer: | Alrosa Finance
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Amount: | $1 billion
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Maturity: | Nov. 3, 2020
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Description: | Notes
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Bookrunners: | JPMorgan, UBS, VTB Capital
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Coupon: | 7¾%
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Price: | Par
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Yield: | 7¾%
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Trade date: | Oct. 28
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Settlement date: | Nov. 3
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Ratings: | Moody's: Ba3
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| Standard & Poor's: BB
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| Fitch: BB
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Distribution: | Rule 144A and Regulation S
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