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Russia's Absolut Bank talks $100 million to $150 million three-year eurobond at 8¼%-8½%
By Paul A. Harris
St. Louis, March 22 - Absolut Capital (Luxembourg) SA is talking its debut eurobond offering at 8¼% to 8½%, according to a market source.
The issuer, a financing unit of Moscow-based Absolut Bank, plans to sell $100 million to $150 million of three-year paper (B1//B), the source added.
Merrill Lynch International has the books for the Regulation S offering.
According to the company's press materials, Absolut Bank reported total consolidated assets of 27.7 billion rubles and total equity of 3 billion rubles as of Dec. 31. Absolut Bank, an independent bank, ranks 42nd among Russian banks in terms of total assets.
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