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Russia's biggest bank, Sberbank, is set to price its $11.9bn Moscow equity sale at a 5%-7% discount to its current stock trading price, Moscow-based analysts have told EuroWeek.
Bookrunners Credit Suisse and JP Morgan have launched the sale and hope to price it in the last week of February.
The equity offer is expected to be Russia's largest ever after oil company Rosneft floated in London for $10.4bn in July. It has...