Romania readies 10 year, Russian banks return

Romania has released price talk on a 10 year euro bond at 175bp-185bp over mid-swaps. Credit Suisse, EFG and UBS are expected to price it in the coming days. At last, firm signs have emerged of second tier private Russian banks returning to the public market. Ak Bars Bank (Ba2) yesterday (Tuesday) priced its $300m three year issue at 9.25% through ABN Amro and Credit Suisse. Home Credit & Finance Bank, Russia’s second largest consumer lender, has set price talk on a three year loan participation note with an 18 month put at around 11%. Citigroup is the bookrunner.