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

September 15, 2015 1:59 PM

38 0

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.

Also read: Amber Portwood: ‘Teen Mom OG’ Fans Will Be ‘Shocked’ by Matt Baier’s Lie Detector Results

Read more

To category page

Loading...