Russian thaw progresses as Nomos returns

11 Dec 2009

A second privately owned Russian bank in as many months successfully tapped the international market this week, when Nomos sold $200m of three year notes at par on Wednesday to yield 9.25%.

Observers said it was positive to see a Russian bank tapping the international market.

"It’s interesting to see the next tier of Russian banks in the market doing deals," said one emerging markets banker. "It’s definitely a positive sign."

Nomos went to market to refinance an outstanding $200m issue ...

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