January 31, 2008 |
|Joint stock bank Russia intends to tap the fixed income market with its RUR3bn bond issue.|
However, the bank, as many other Russian issuers, doesn’t hurry to register the issue waiting for demand for ruble denominated debt securities. The total supply in the debt market reaches today RUR 1 trillion, but only large institutions especially having a state-owned share can count on raising funds so far. And if to regard Bank Russia as a government-friendly institution, experts suppose it has a fair chance to place this issue.
The bank’s board of directors upheld a decision on placing a 02-series bond issue totaling RUR 3bn. The issue will be ready in spring, but the actual placement will depend on the market conditions.
Company: Bank Rossiya
|Full company name||BANK "ROSSIYA"|
|Country of risk||Russia|
|Country of registration||Russia|