Promsvyazbank close to mandating Eurobond

16 Mar 2012

Russia’s Promsvyazbank will soon choose the banks to arrange its new international bond issue. "We are close to mandating four banks for the future Eurobond including ourselves and Citi," said Artem Konstandian, Promsvyazbank’s Moscow-based chief executive.

The bank last tapped the Eurobond market in April 2011, selling $500m of senior 6.2% 2014s. That note was arranged by Deutsche Bank, JP Morgan and Promsvyazbank, and attracted orders of more than $1.2bn.

In the syndicated loans market, Promsvyazbank completed a $305m one year facility in October from ...

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