URALSIB Bank issues Eurobonds

URALSIB Bank has started issuing its three-year Eurobonds totaling $125m. The coupon yield is 8.875 percent. The Eurobonds will mature in 2006, the bank's press service reported.

The major part of the issue was distributed among European investors, in particular in Great Britain, Switzerland, Germany and France. Commerzbank AG and ABN AMRO Bank N.V. are the lead managers of the issue.

The raised funds will be used for financing URALSIB's banking operations.

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