Bloomberg News

UniCredit Russia Unit Sets Coupon Range on Bonds at 8.3-8.8%

February 22, 2012

(Updates with coupon guidance in first paragraph.)

Feb. 22 (Bloomberg) -- ZAO UniCredit Bank started accepting bids from today until Feb. 29 for 5 billion rubles ($168 million) of bonds with coupon guidance of 8.3-8.8 percent.

That range on the three-year notes is equivalent to a yield of 8.47-8.99 percent to a 1 1/2 year put, according to the Russian unit of UniCredit SpA. Placement is planned for March 2.

--Editor: Alex Nicholson

To contact the reporter on this story: Artyom Danielyan in Moscow at adanielyan@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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