BSTDB Issues Debut Benchmark USD 500 Million Bond

News | 28-Apr-2016

On April 28, 2016 the Bank issued its first benchmark USD 500 million bond with a maturity of 5 years and a coupon of 4.875%. Final pricing tightened to MS+375bps from initial indications of MS+387.5 bps and books were 3.4x oversubscribed.

Enthusiastic investor response world-wide attracted orders totaling approximately USD 1.7 billion, predominantly from institutional and longer-term investors in US, UK, Switzerland and Germany, but also from Central and Eastern Europe, Asia, and the Middle East.

This successful benchmark issuance provides a reference point for BSTDB in the international capital market and supports the implementation of the Bank’s Medium-Term Strategy and Business Plan for 2015-2018 and the Long-Term Strategy for 2010-2020.