Patience pays off as Tinkoff slices 150bp from May estimates
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Patience pays off as Tinkoff slices 150bp from May estimates

Tinkoff Credit Systems (TCS), a Russian credit card lender, this week priced its $200m Eurobond at 10.75%, notching up a saving of as much as 150bp from when it began marketing the deal in May, according to its president, Oliver Hughes.

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