By Paul A. Harris
St. Louis, Sept. 23 - Eurasian Development Bank priced a $500 million issue of five-year senior notes (A3/BBB/BBB) at par to yield 7 3/8% on Tuesday, according to a market source.
The yield came 25 basis points through the original 7¾% area price talk.
Deutsche Bank, JPMorgan and RBS Securities Inc. ran the Rule 144A and Regulation S deal.
The Almaty, Kazakhstan-based bank provides financing to the Eurasian states.
| Issuer: | Eurasian Development Bank
|
| Amount: | $500 million
|
| Maturity: | Sept. 29, 2014
|
| Security description: | Senior notes
|
| Bookrunners: | Deutsche Bank, JPMorgan and RBS Securities Inc.
|
| Coupon: | 7 3/8%
|
| Price: | Par
|
| Yield: | 7 3/8%
|
| Spread: | 495 bps
|
| Call protection: | Non-callable
|
| Trade date: | Sept. 22
|
| Settlement date: | Sept. 29
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 7¾% area
|
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