TuranAlem Bank places GBP 200mn Eurobonds.
The second largest bank in the country, TuranAlem informed that it placed GBP 200mn Eurobonds. The coupon rate was set at 7.125%. This is the first issue nominated in GBP made by a bank from the former Soviet Union . Deutsche Bank acted as organizer of the deal.
To remind you, in September, TuranAlem placed EUR 500mn bonds with 5-year maturity period. Coupon rate for the issue was set at 6.25% per annum. The bank also informed that it acquired 47.32% stake in BTA-Kazan Bank by purchasing 109,976,800 shares of the entity. The value of the deal was not disclosed.