OREANDA-NEWS. January 22, 2015 the company USIB Finance Limited has completed the placement of subordinated Eurobonds 77.3 million US dollars maturing in 2020 and a coupon of 10.5%.

All proceeds from the offering of these securities were aimed at providing OJSC "URALSIB" subordinated loan, the terms of which comply with the requirements of the Regulations of the Bank of Russia No. 395-P and allow, therefore, to increase the Bank's capital. The papers were placed at a price of 100% of par. Consultants on the issue were made by UBS Limited and Uralsib Securities Limited. The offering was conducted in the framework announced by the Bank in the 4th quarter of 2014 plans to increase capital in the 2nd level.

"Bank URALSIB consistently and systematically implementing measures to increase the level of capital adequacy. In current market conditions it will allow us to more confidently approach the development of priority for the Bank's strategic directions of the business," commented Chairman of the Board of URALSIB Bank Ilkka Salonen.

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URALSIB Bank takes part in the International investment forum "SOCHI-2014"

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