RSB fails to secure support for capital update
Russian Standard Bank has withdrawn its proposed tier two bond update after failing to secure the consent of holders of nearly half of the bond before the December 16 deadline. The offer looked to be struggling as early as mid-December when the bank increased the late consent fee from 1% to 5% to switch to the new notes.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: