12 November 2003 23:56
Rosbank appoints CSFB, Merrill Lynch to organize Eurobond issue (Bank
2)
Rosbank Eurobonds will be guaranteed by future cash flows from
Visa and Mastercard credit cards, processed through the bank's
MOSCOW. Nov 12 (Interfax) - Rosbank has appointed Credit Suisse First Boston and Merrill Lynch the lead managers for
its $200 million Eurobond issue, which is due to be placed in the first quarter of 2004, the bank reported.
subsidiary ZAO United Card Service.
The bank's chairman, Alexander Popov, told Interfax that different issuers often secure bond issues with funds
received from a certain type of activity, for Rosbank it will be credit card cash flows.
Rosbank earlier said it planned to organize a Eurobond issue that would have a considerably higher credit rating that
the bank itself.
Rosbank was ranked seventh by asset volume in the Interfax-100 list of Russia's banks. list is compiled by the
Interfax Center for Economic Analysis. [RU ASIA EUROPE EEU EMRG ISU EUB BNK] me <>
[CEIW] |
RUSSIA IN FACTS
