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
|
| Amount: | $1 billion
|
| Maturity: | Nov. 3, 2020
|
| Description: | Notes
|
| Bookrunners: | JPMorgan, UBS, VTB Capital
|
| Coupon: | 7¾%
|
| Price: | Par
|
| Yield: | 7¾%
|
| Trade date: | Oct. 28
|
| Settlement date: | Nov. 3
|
| Ratings: | Moody's: Ba3
|
| Standard & Poor's: BB
|
| Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
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