26 May 2011 11:49

Russian Agriculture Bank bonds guidance around 6% - source

MOSCOW. May 26 (Interfax) - Yield guidance on subordinated Eurobonds being offered by Russian Agriculture Bank (RSHB, Rosselkhozbank) is around 6% pa, a banking sector source told Interfax.

The bonds will mature in ten years with a call option after five years.

They should be placed this week.

The issue volume has yet to be decided, but it will be less than $500 million, sources have told Interfax.

Barclays Capital, JP Morgan and VTB Capital are organizing the placement.