Sberbank CIB, the corporate and investment bank of the Sberbank Group, has won Euromoney magazine’s award for Deal of the Year 2012 in Emerging Europe, which recognized the success of Sberbank’s secondary public offering executed in September 2012.
A Euromoney article on the award put Sberbank’s accomplishment in the broader context, saying that in terms of broader market impact, no 2012 deal from Central and Eastern Europe can compare with Sberbank’s $5.2 billion secondary equity placement. The Sberbank offering almost single-handedly revived the region’s moribund equity primary markets and paved the way for subsequent deals.
According to Euromoney, the convincing nature of the offering was due not merely to its scale – the largest equity placement from Russia since 2007 and the third largest ever from an EMEA financial institution – but also textbook timing and execution both on the part of the seller and syndicate banks.
Mickael Gibault, Managing Director and Co-Head of Corporate Finance at Sberbank CIB said, “We are delighted that Sberbank’s SPO has been selected as the Deal of the Year 2012 in Emerging Europe by Euromoney. Due to its size and visibility, the Sberbank offering represented not only a revitalizing event for Russian capital markets but also a landmark development for the whole EMEA region. Both the Central Bank of Russia and Sberbank worked hard to access the optimal market window for the placement. It sent a very strong and confident signal to large issuers in particular, going into 2013, in terms of their ability to successfully access the international equity capital markets.”
Sberbank CIB is the Corporate & Investment Banking Business was created as part of the integration of Sberbank of Russia and Troika Dialog. Sberbank CIB’s key areas of activity are corporate financing2, investment banking services, trade operations with securities, and private equity. Sberbank of Russia’s Corporate & 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. Sberbank CIB is part of Sberbank of Russia’s Corporate Business Block.
Sberbank CIB Press Service
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