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Published on 6/4/2009 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

New Issue: Russian Agricultural Bank sells $1 billion five-year bonds to yield 9%

By Aaron Hochman-Zimmerman

New York, June 4 - Russian Agricultural Bank priced $1 billion of five-year bonds at par to yield 9% (Baa1//BBB), according to a market source.

Barclays and Citigroup were bookrunners for the Rule 144A and Regulation S deal.

Russian Agricultural Bank is a Moscow-based lender.

Issuer: Russian Agricultural Bank

Issue: Global bonds

Amount:$1 billion
Coupon:9%
Price:Par
Yield:9%
Maturity:2014
Bookrunners: Barclays, Citigroup
Pricing date:June 4
Distribution:Rule 144A, Regulation S
Ratings:Moody's: Baa1
Fitch: BBB

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