Sberbank to break Russian record
BNP Paribas and UBS opened books on Sberbank’s debut Swiss franc deal, which is set to price tighter and for a longer maturity than any previous Russian issuer. The Sfr200m minimum four year is offered at 245bp-255bp over mid-swaps. But other Russian banks this year got deal sizes of Sfr350m-Sfr400m away. Read EuroWeek to see if Sberbank can summon size from the Swiss.
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