November 26, 2010 |
|On an interesting note, yesterday the retail bank announced issuing additional eurobonds CB RenCap 13 at a yield of 11.50% for just USD25 mln. Therefore, even the premium to the market (at least during the marketing) did not help the bank place USD100 mln it had in mind. |
We believe these weak results will lead to a growth in yields of the bank's eurobonds and further limit the possibility of placing subordinated eurobonds at rates acceptable for the issuer.
|Status||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
Company: Renaissance Capital
|Full company name||Renaissance Capital|
|Country of risk||Russia|
|Country of registration||Russia|