BSP announces mandate and size for sub deal

By Francesca Young
07 Oct 2013

Bank St Petersburg (BSP) is looking to price a tier two Basel III-compliant Eurobond, according to a source at the borrower, who also revealed the size of the deal. The roadshow for the trade, organised by JP Morgan and VTB Capital, started on Monday. Investor meetings are taking place in the UK and Switzerland and finish on Thursday.

The source added that the bank would be considering both bullet and callable structures for the $200m-$300m deal and that investor feedback would determine the maturity choice.

BSP is the 14th and 16th largest bank in the country as measured by assets and retail deposits respectively. It is ...

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