Sberbank CIB News

Sberbank CIB organises placement of series 001P-05R exchange-traded bonds for Russian Railways JSC worth RUB 20 bln


Sberbank announces that the order book for Russian Railways JSC’s series 001P-05R exchange-traded bonds worth RUB 20 bln was closed on 13 February 2018. The bonds are due in 15 years, and the nominal value of one bond is 1,000 roubles. The bonds were placed at 100% of the nominal value and have an 8-year put option.

The initial guidance for the first coupon was set at a range of 7.50%-7.60% per annum, which corresponds to a yield to put of 7.64%-7.74% per annum. During book building the guidance was lowered to 7.25-7.35% per annum, which corresponds to a yield to put of 7.38%-7.49% per annum.

More than 65 investor bids were received during book building to a total of RUB 55 bln. The size of the placement was increased from RUB 15 bln to 20 bln.

Based on the results of book building, the first coupon was set at 7.30% per annum, which corresponds to a yield to 8-year put of 7.43% per annum.

The technical placement of the issue is planned for 20 February 2018 on the MICEX Stock Exchange. The placement was organised by Sberbank CIB1, Gazprombank, BC Region, and Russian Agricultural Bank.

Sberbank is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 145 million customers in 21 countries. Sberbank has the largest distribution network in Russia with almost 15,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, India, China, Turkey and other countries.

The Bank holds the general banking license No.1481 issued by the Bank of Russia. Official websites of the Bank: (Sberbank Group website),

Sberbank CIB

Sberbank CIB is the corporate and investment banking business of Sberbank. Its key areas of activity are corporate finance (including trade finance), the documentary business2, investment banking services, trade operations with securities, and private equity. Sberbank’s corporate and investment banking business provides integrated financial solutions and investment advisory services to its clients, which include major corporations, financial institutions, sovereign states and federal and sub-federal government bodies and organisations.


1 On the basis of JSC “Sberbank CIB” and Sberbank.
2 Banking products and services provided by Sberbank.