OREANDA-NEWS. May 28, 2013. Eurobonds due 2015 in the amount of USD 500,000,000 with 8.75 per cent coupon rate were issued  by "AK BARS" Bank in November, 2012. Credit Suisse Securities (Europe) Limited and VTB Capital plc acted as Joint Lead Managers.

Timely fulfilment of Bank’s obligations proves "AK BARS" Bank’s adequate liquidity level and its reputation as a reliable international partner.

General information

AK BARS Bank is listed amongst Russia’s Top-20 banks. It was rated 16th in terms of equity and 16th in terms of assets out of all Russian banks (*according to ‘Profile’ magazine as of 01.12.2012).

On the 1st of April 2013, the authoriesd capital of the Bank amounted to 28.2 billion rubles (907.7 USD million). AK BARS Bank (Open JointStock Company) is registered with the Central Bank of Russia and has been operating successfully on the Russian financial market since 1993.

AK BARS Bank is a universal bank which develops corporate, retail and investment businesses.
AK BARS Bank has over 50,000 corporate customers and 2.5 million individual ones. The Bank services large companies in the oil and gas , petrochemical, mechanical engineering, telecommunications, construction, chemical, and automotive industries, as well as agricultural and other commercial enterprises.

As of May 2013, the Bank’s network included 43 branches, 210 representative offices, 14 operational offices and 121 stand-alone cash desks operating in 32 regions of the Russian Federation.