RosEuroBank has repaid its loan participation notes (LPN) worth $150 mln that were floated in April 2007 for a term of 18 months with an 8% coupon. US investment bank BCP Securities acted as arranger for the issue.
“Amid the continuing financial crisis the lender pays keen attention to risk management and accumulated funds required for the repayment beforehand” — RosEuroBank executive board chairman Jan Luter noted.
According to him, in Q308 the lender’s high liquidity assets grew from Rub 11 bln to Rub 14 bln, while its current liquidity ratio stood at 73% as of October 1 or 50% higher than the figure established by the Central Bank of Russia.
Issuer profile: Today the Bank renders a full set of services to private individuals as well as legal entities. RosEvroBank also plays an active role in the interbank crediting market and settlements between Russian banks.
