Russian banks scratch seven year itch
Two Russian lenders converged on an unusually long maturity as privately owned Alfa Bank and the partly state owned Sberbank both issued tightly priced $1bn seven year bonds last Friday. A3/-/BBB+ rated Sberbank priced its 144A deal at a yield of 5.4%, while BA1/B+/BB rated Alfa Bank’s Reg S sale was at 7.875%.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts