Bankers debate pricing impact of new CBR sub debt rules expected in January

Draft amendments to the conditions of write-down of Russian subordinated debt are expected at the start of 2014. But bankers in London said that while the new rules provide some much needed clarity, they are still untested. As a result, a debate is raging over whether the adjustments will tighten subordinated debt pricing, as hoped by issuers, in the new year.