Russian Standard Bank places 400mln euros in debut Eurobond issue

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MOSCOW, September 11 (RIA Novosti) - Russian Standard Bank, a leading Russian commercial bank, said Monday it placed its debut Eurobond issue, worth 400 million euros.

Russian Standard Bank, which is on a list of the country's top 30 banks published by the Central Bank of Russia, said it would use proceeds from the Eurobond flotation to finance its retail crediting operations.

Russian Standard Bank, with assets of 133.95 billion rubles (about $4.9 billion), and shareholder equity of 16.96 billion rubles (about $632 million) as of July 1, 2006, said the Eurobonds had a maturity of three years and a coupon rate of 6.825% p.a.

Barclays Capital and Credit Suisse are the bond issue's lead managers. Eurobonds will be traded on the London Stock Exchange, the bank's press office said.

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