Reuters logo
Russia's Ak Bars raises $600 mln via Eurobond
July 16, 2012 / 6:53 AM / 5 years ago

Russia's Ak Bars raises $600 mln via Eurobond

MOSCOW, July 16 (Reuters) - Russian mid-sized lender Ak Bars raised $600 million via a ten-year Eurobond issue, pricing the deal at an 8 percent yield, the bank said in a statement on Monday.

Ak Bars, with its headquarters and key operations in Russia’s Republic of Tatarstan, is ranked among the top-20 domestic lenders by assets.

Together with Ak Bars’ deal, Russian borrowers have raised over $25 billion via Eurobond issues so far this year, more than for last year as a whole.

Reporting by Katya Golubkova

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below