According to Gazprombank's press service, the financial institution is going to offer a $1 billion Eurobond issue in the coming months. UBS bank will be the issue's organizer. As Gazprombank explains, the issue is part of a program allowing the bank to attract foreign currency funds for a period of up to one year to manage its short-term liquidity.
According to a market participant, Russian Standard Bank fully placed its five-year 6 billion rouble bond issue at the Moscow Interbank Currency Exchange (MICEX). The bids submitted by the investors were worth a total of $7 billion roubles. The bonds were offered at par value and carry semiannual coupons, the annual rate of which was set at 8.1% at auction. The bonds have an 18-month buyback option. Gazprombank is the lead manager of the offering.