OREANDA-NEWS. October 03, 2011. Nomos Bank announces that in October it will exercise a call option on a USD 125 million subordinated Eurobond which was placed in October 2006 by Nomos Capital. The bonds have a maturity of 10 years with a call option at five years and are included in Nomos’ Lower Tier 2 capital (LT2), as defined by the Central Bank of Russia, reported the press-centre of Nomos Bank.

The redeemed Eurobond will be replaced by subordinated debt of RUB 6bn with maturity in 2021.

Vladimir Rykunov, CFO of Nomos Bank said: "This decision to exercise the call option confirms the reputation of Nomos Bank as a responsible borrower since the investors had initially viewed these bonds as an instrument with maturity in 2011".