Russia's Absolut Bank to start roadshow for debut eurobond offering this week

By Paul A. Harris

St. Louis, March 15 - Absolut Capital (Luxembourg) SA, a special purpose vehicle of Moscow-based Absolut Bank, will begin a roadshow this week for its debut eurobond offering (B1), according to a market source.

The source added that the deal will be marketed via an investor roadshow in Asia to be followed by a roadshow in Europe.

Size and maturity of the issue remain to be determined.

Merrill Lynch International will manage the Regulation S offering, according to a press release from the company.

According to the company's press materials, Absolut Bank reported total consolidated assets of Russian ruble 27.7 billion and total equity of 3 billion rubles as of Dec. 31.

Absolut Bank ranks 42nd among Russian banks in terms of total assets.

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