Russian Standard Bank $925 million tender offer

23/3/2015

Bond/note buyback

Value:

$ 925 million

Status:

Completed

Date:

23/3/2015

Overview:

Russian Standard Bank completed a tender offer for three series of notes totaling $925 million.
These included $200 million 7.73% notes due 2015, $200 million 7.561% notes due 2016 and $525 million 9.25% notes due 2017.
The notes were issued by Russian Standard Finance in order to finance subordinated loans to Russian Standard Bank.

Jon Moore - Journalist

Jurisdictions:

Luxembourg
Russia

Deal type:

Bond/note buyback

Practice area:

Capital markets : Debt

Governing law:

England and Wales

Industry sector:

Banking

Firm:

Clifford Chance

Party: Russian Standard Bank (Borrower)

Lawyers: Paul Deakins, Stewart Dunlop (retired)

Related deals