Russian thaw progresses as Nomos returns
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.
"Its interesting to see the next tier of Russian banks in the market doing deals," said one emerging markets banker. "Its definitely a positive sign."Nomos went to market to refinance an outstanding $200m issue ...