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Rodovid Bank Looking to Issue an Additional USD 50 mln in Local Bonds

Rodovid Bank Looking to Issue an Additional USD 50 mln in Local Bonds

7 November 2008

Rodovid Bank (RODB: BUY) is considering issuing USD 250 mln (about USD 50 mln) in three-year local bonds before the end of the year, according to Bank Chairman Denis Gorbunenko. In July Rodovid Bank placed Series B 24.8 mln (maturing on Aug. 5, 2010) and Series C USD 24.8 mln (maturing on Nov. 5, 2010) local bonds. Those two instruments have coupons of 12.5% and were placed with discount.

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