9 Jun 2011 15:30
Sberbank could place 10-yr notes at 270 bp over swaps - source
MOSCOW. June 9 (Interfax) - Sberbank could place ten-year Eurobonds at 270 basis points above mid-market swaps, a financial market source told Interfax.
Ten-year mid-market swaps are currently 3.057%, so the Sberbank notes could yield 5.757%.
The bid book for what is a benchmark issue in US dollars could close today.
