OREANDA-NEWS. Sibacadembank placed the five-year Eurobonds to the sum of 300 million euro. The coupon rate makes 8,3% annual. The organizers of the placement are Deutsche Bank and UBS.

The promissory note estimated in euro will promote decrease in interest on the credits and increase in their terms.

It also should be reminded that OJSC “Sibacadembank” is the old strategic partner of OJSC “Uralvneshtorgbank”. Now, according to the decision of shareholders of both banks, the financial-credit organizations are passing procedure of merger under a new brand.