UPDATE: SberbankТs board approves 250 bln rbl commercial bond program - Financial Wire - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

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)

End

08.02.2019 19:19
 
 
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