EDB diversifies with Rb5bn Eurorouble teaser
Eurasian Development Bank (EDB) printed a Rb5bn five year bond on Friday, an unusually small Eurorouble offering that was designed to help the issuer diversify its investor base. It is the borrower’s first Eurorouble deal.
"EDB didnt want more than Rb5bn," said a syndicate official close to the deal. "Investors would have preferred a bigger size for the liquidity but that was not an option."
Raiffeisen Bank International and Sberbank CIB arranged the deal.
The book for the deal reached Rb13bn. Price guidance was released
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.