* Sberbank to raise more than 150 million Swiss francs
* Phosagro lowers guidance for $500 mln Eurobond
* VEB hires for Eurobond issue
MOSCOW, Feb 6 Russia's largest lender Sberbank
is to raise more than 150 million Swiss francs
($164.93 million) via a four-year Eurobond, IFR, a Thomson
Reuters news and analytical service, reported on Wednesday.
Sberbank joins a number of Russian companies that have
rushed to raise money from the bond markets to take advantage of
positive sentiment towards emerging markets.
Last week, Russia's state gas export monopoly Gazprom
raised $1.7 billion in a two-part dollar-denominated
IFR said books for Sberbank's bond were open at mid-swaps
plus 170 basis points area, for an indicative 2.07 percent
yield. Credit Suisse, UBS and Sberbank-CIB are joint leads for
Russian fertilizer firm Phosagro is also in the
market to raise $500 million via a five-year Eurobond. The
company has lowered yield guidance on the deal to 325 basis
points, plus/minus five basis points over mid-market swaps, a
source familiar with the matter told Reuters.
The company said earlier it had mandated Citigroup,
Raiffeisen Bank International, Sberbank CIB and VTB Capital to
arrange a series of fixed income investor meetings in the United
States and Europe
Separately, Russian state development bank VEB has hired
Barclays, Commerzbank, ING, Societe Generale CIB to hold
investor meetings in Europe on Feb. 11 to Feb. 13 for a
potential euro-denominated bond issue, a financial market source
told Reuters on Wednesday.