Tatfondbank Repaid Eurobond Issue worth USD 225 Million
OREANDA-NEWS. February 07, 2012. AIKB Tatfondbank repaid the Eurobond issue worth USD 225 million. Tatfondbank, being an active participant of Russian and Western capital markets, has once again confirmed the status of a reliable borrower in the public debt market, reported the press-centre of Tatfondbank.
The Eurobonds to the amount of USD 225 million were placed in 2010 at the rate of 12% per annum. Tatfondbank’s Eurobonds were placed with investors from Switzerland, Austria, the United Kingdom, Singapore, Russia, and Cyprus.
The raised funds were used to develop active operations, including the lending of small- and medium-sized business and the financing of the Bank’s medium-term investment projects.