The Novosibirsk URSA BANK has revised borrowing plans, the TROIKA DIALOG investment company said in a report. The bank is to receive $1.0 billion in interim financing from the organiser instead of three deals estimated at $1.7b the bank planned to launch on the public debt market this year. A $600m bridge credit is expected to cover half of funds the bank planned to raise in bonds and a $400m warehouse credit will secure 80% of funds the bank planned to raise from securitization.
Source: RBC DAILY, September 25, 2007
