SVENSKA HANDELSBANKEN, a Swedish bank’s Russian subsidiary, is to place rouble bonds equivalent to E200 million in August or September 2006. So reported the bank’s managing director Raimo Valo. The bonds will possibly be issued in several tranches. SVENSKA HANDELSBANKEN may also buy an operating Russian bank with a network of 15 to 20 regional branches. The deal is to be made public in the second half of the year. Two banks are currently under consideration.
Source: VEDOMOSTI, June 16, 2006
