Russia's Sberbank starting first offerings from public bond program

By Marisa Wong

Madison, Wis., Nov. 9 - Russia's Sberbank said that it has begun a public offering on the unorganized market of securities of the first and second issues of registered subordinated bonds, totaling KZT 10 billion, issued under the first bond program.

The offering of the bonds will be done by subscription.

Orders will be accepted within two days from the date of the bank's announcement.

The bonds are being sold in Kazakhstan.

Sberbank is a Moscow-based lender.

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