By Reshmi Basu
New York, Nov. 18 - State-owned OJSC Russian Agricultural Bank (Rosselkhozbank) priced a $250 million offering of five-year notes (Baa1//BBB-) at par to yield 6 7/8%, according to a market source.
The deal came in line with price guidance, which was set at the 6 7/8% area.
RSHB Capital SA issued the notes.
ABN Amro and Dresdner Kleinwort Wasserstein were the joint bookrunners for the Regulation S transaction.
| Issuer: | RSHB Capital SA
|
| Borrower: | OJSC Russian Agricultural Bank (Rosselkhozbank)
|
| Issue: | Loan participation notes
|
| Amount: | $250 million
|
| Maturity: | Nov. 29, 2010
|
| Coupon: | 6 7/8%
|
| Issue price: | Par
|
| Yield: | 6 7/8%
|
| Spread: | 246 basis points more than Treasuries
|
| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 29
|
| Joint bookrunners: | ABN Amro, Dresdner Kleinwort Wasserstein
|
| Ratings: | Moody's: Baa1
|
| Fitch: BBB-
|
| Price guidance: | 6 7/8% area
|
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