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Fitch: Sviaz-Bank bonds BB
Fitch Ratings said it assigned Sviaz-Bank a final long-term local-currency rating of BB and final national long-term rating of AA-(rus) on its 10-year RUB 5 billion issue of senior unsecured bonds due Dec. 9, 2021.
The rate of the first two semi-annual coupons has been set at 8.5%. The bonds have a put option on Dec. 24, 2012.
The bank's also has a long-term issuer default rating of BB, short-term issuer default rating of B, viability rating of B+ and national long-term rating of AA-(rus).
The outlook is stable.
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