Russian rouble bond market opens doors to BNP Paribas
BNP Paribas has sold its first ever rouble domestic bond — a Rb2bn three year note with a 7.70% coupon, drawing demand of 11 times the deal’s size. BNP Paribas and Sberbank were joint lead managers. The proceeds of the issue will be used to fund the bank’s increasing business in Russia.
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