OREANDA-NEWS. 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.