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Russian Agricultural Bank buys back $78.72 million of bonds
By Angela McDaniels
Tacoma, Wash., Feb. 18 - OJSC Russian Agricultural Bank said it repurchased $78.72 million of bonds issued through RSHB Capital SA on Monday.
The bank bought back $9.86 million of RSHB Capital's 7.175% bonds due May 16, 2013, $49.86 million of its 6.299% loan participation notes due May 15, 2017, $13 million of its 7¾% bonds due May 29, 2018 and $6 million of its 7 1/8% bonds due Jan. 14, 2014.
Following the repurchases, $527.08 million of the 7.175% bonds, $632.39 million of the 6.299% notes, $659.12 million of the 7¾% bonds and $578.52 million of the 7 1/8% bonds remain outstanding.
Russian Agricultural Bank is a government-owned, Moscow-based lender focused on the agriculture sector.
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