Sberbank of Russia Said to Seek $1.5 Billion of Three-Year Loans
Sberbank is proposing to pay interest of 150 basis points more than the London interbank offered rate, said the people, who asked not to be identified because the deal is private.
That would be the same margin the Moscow-based lender agreed to pay on its $1 billion three-year loan signed in November, according to data compiled by Bloomberg. A basis point is 0.01 percentage point.
Alexander Baziyan, a spokesman for Sberbank in Moscow, couldn’t immediately comment when contacted by phone.
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