Russia's Sberbank plans to issue sub bonds worth 18.5 bln roubles

September 15, 2015 1:59 PM

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MOSCOW, Sept 15 Russia's top bank Sberbank plans to issue subordinated bonds worth 18.5 billion roubles ($277.3 million) to be bought by its pension fund, the bank's Chief Executive German Gref told journalists on Tuesday.

The move will allow the bank to slightly increase its capital adequacy levels, by 8-9 basis points, and will also allow the bank's pension fund to invest in quality assets, Gref said.

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