Sberbank mandates for Basel III compliant tier two
Sberbank has mandated BNP Paribas, JP Morgan, Sberbank CIB and UBS to arrange a dollar denominated Reg S/144A tier two Eurobond that will be Basel III-compliant. Since March 1, all Russian bank capital trades must reference the new framework in preparation for the country’s financial system moving over to Basel III.
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