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Russia’s Ak Bars raises $600 mln via Eurobond

Posted on 18 July 2012

Russian mid-sized lender Ak Bars raised $600 million via a ten-year Eurobond issue, pricing the deal at an 8 percent yield, the bank said in a statement on Monday.
Ak Bars, with its headquarters and key operations in Russia’s Republic of Tatarstan, is ranked among the top-20 domestic lenders by assets. Together with Ak Bars’ deal, Russian borrowers have raised over $25 billion via Eurobond issues so far this year, more than for last year as a whole………………………………………..Full Article: Source

 
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