Ak Bars refis with $500m, but pricing forced wide by covenant breach
Ak Bars Bank sold a $500m 8.75% 2015 note on Friday in a deal that rival bankers said looked cheap against comparable Russian bank paper — although was perhaps understandable given a covenant waiver request by the issuer earlier this year.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: