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National Reserve Bank mulls placing RUR 3 to 5 bn worth of bonds in 2008

January 24, 2008 | Сbonds

National Reserve Bank mulls placing RUR 3 to 5 bn worth of bonds in 2008.

The bank also intends to finish securitization of mortgage assets worth $250-300m which was postponed last year.

The time of bond placement hasn’t been set yet, it will depend on the market conditions.

The proceeds will be used for developing the bank’s regional network. It intends to open 100 offices in 3 years, 25 of them to be opened this year.

Company: National Reserve Bank

Full company nameJoint-stock commercial bank "National Reserve Bank" joint-stock company
Country of riskRussia
Country of registrationRussia
IndustryBanks

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