trending Market Intelligence /marketintelligence/en/news-insights/trending/oAhPm76jtCqfaGsG7sBwbg2 content esgSubNav
In This List

Sberbank closes order book on 40B ruble bond

Blog

Spotlight on sustainability: How banks can overcome the challenges of achieving net-zero emissions by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


Sberbank closes order book on 40B ruble bond

PAO Sberbank of Russia closed an order book on its 40 billion Russian ruble exchange bond, with the technical placement of the issuance scheduled for Oct. 13 on the Moscow Exchange.

The bonds have a coupon rate of 8% and are set to mature in three years and two months from the date of the placement, the lender said Oct. 6. The issuance was organized by Sberbank CIB, Gazprombank and Russian Agricultural Bank.

The order book was oversubscribed more than 2x, and it was the first market placement where more than half of demand came from retail investors, Sberbank noted.

As of Oct. 6, US$1 was equivalent to 58.21 Russian rubles.