Increased RAB deal adds to Russian Swissie party

17 Jul 2012

Russian Agricultural Bank (RAB) this week joined the Russian Swiss franc party with a Sfr300m minimum three year bullet whose floor size has so far been revised twice during bookbuilding.

Lead managers BNP Paribas and UBS announced a Sfr150m minimum deal on Monday afternoon and kept books open overnight, as often happens for deals that attract a heavy retail bid. The banks plan to price the bond on Tuesday afternoon.

RAB’s four-year absence from the Swiss franc market, the ...

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