Sberbank will hold a road show for its Eurobond issue, starting January 31, 2005, the Russian bank's press department has reported. The road show will be held for a week in Europe and Asia. The bonds will be dollar-denominated, the bank said in a released statement.
The UBS Investment Bank has been appointed registrar and lead manager of the subordinated Eurobonds issue with a fixed coupon rate. The issue is aimed at funding a loan to Sberbank. The 10-year Eurobonds are supposed to be irrevocable within five years. After this period the bonds' interest rate will be revised upward.
Source: RBC
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