OREANDA-NEWS. September 10, 2010. Metallurgical Commercial Bank, or Metcombank, based in Cherepovets, Vologda Region, is about to float a bond issue of series 1 worth RUB 900 mn in October-November 2010. The issue arranger is Globex Bank. The bond matures in 3 years and has six 6-year coupons.

The par value is RUB 1000. The securities are to be floated by open subscription. A 94.16% portion of the bank’s share capital is controlled by the primary beneficiary of Severstal, Alexei Mordashov.