10.10.2008, 09:03
MDM Bank Repurchased 90.6 Percent of Ruble Bond
OREANDA-NEWS On 10 October was announced, that MDM Bank bought back 90.6% of its RUR 6bn bond at 100 percent of the face value in accordance with the put option embedded in the bond issue. As the Bank expected, the majority of investors have exercised the put option for the bonds. Currently, MDM Bank does not have plans to place the bonds back on the market at a higher rate.
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