Russian Standard guides to 9.25%-9.5%, pricing expected tomorrow

03 Jul 2012

Russian Standard Bank has released price guidance on its new five year put three bond at a yield of 9.25%-9.50%. The bank is expected to print a deal of $300m-$500m tomorrow. Citi and JP Morgan are arranging the deal.

“The bank was considering a three or five year deal and there were reasons to do both,” said one origination official close to the deal. “A five year note would make the deal eligible to be included into the corporate EMBI index, while a three year note better ...

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