Russia’s Sberbank to Sell $1.5 Billion in Debt by 2015 - Bloomberg

Russia’s Sberbank to Sell $1.5 Billion in Debt by 2015 - Bloomberg:

"OAO Sberbank, Russia’s largest lender, plans to sell as much as $1.5 billion of subordinated debt by 2015 as borrowing costs decline, Deputy Chairman Anton Karamzin said.
“We are optimistic about the debt markets and, as soon as conditions are favorable,” the bank can issue new debt, Karamzin said in an interview in New York yesterday. The lender, which holds the savings of almost half of Russia’s population, may sell bonds once or twice during the next 15 months in the international markets and doesn’t plan to borrow in rubles any time soon, he said."

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