UPDATE: SberbankТs board approves 250 bln rbl commercial bond program
(Provides new headline, lede, adds details in paragraph 2)
MOSCOW, Feb 8 (PRIME) -- The supervisory board of RussiaТs top bank Sberbank has approved a commercial bond program totaling up to 250 billion rubles or an equivalent in a foreign currency, the bank said in a statement on Friday.
Under the program, the bonds will be offered privately and will have maturity of up to 15 years.
A representative of the bank told PRIME that Sberbank was ready to offer commercial bonds if it sees client interest.
УIn case clients are interested, Sberbank is ready to consider a wide range of market instruments, including commercial bonds. Money market instrument plans are defined by the market situation and by client demand,Ф the person said.
(66.0199 rubles Ц U.S. $1)