Sberbank mulling $1-bln Eurobond
MOSCOW. June 1 (Interfax) - Sberbank is thinking of offering $1 billion in five-year Eurobonds, the bank's deputy chairman, Anton Karamzin, told the Russia Today TV news channel yesterday evening.
"Investors are saying $1 billion would be the ideal volume," he said.
Russia's biggest lending institution held a road show at the start of May but did not reach a final decision to sell bonds, Karamzin told Interfax earlier.
A market source told Interfax that Sberbank was thinking of offering a benchmark issue of up to $1 billion in bonds, possibly in two tranches - one five years and the other ten. But "Sberbank does not desperately need the money, and the markets aren't that good," the source said around the middle of last month.
Sberbank last issued Eurobonds (LPN) in 2008, when it sold $500 million in five-year paper at 6.468% p.a.