Otkritie FC Bank writes off $500 mln subordinated Eurobonds

Author/Creator

Prime News

Publisher

JSC PRIME

Media Date

12-1-2017

Media Type

Document

Content Type

News Article

Country/Region

Russia

Language

English

Crisis

Russian Private-Banking Crisis (2017)

Case Series

Ad hoc Capital Injection

Intervention

Ad hoc Capital Injection

Additional Information

MOSCOW, Dec 1 (PRIME) -- Russia’s Otkritie Financial Corporation (FC) Bank has written off U.S. $500 million subordinated Eurobonds attracted in 2012 under old rules, OFCB Capital, issuer of the bonds, said on the London Stock Exchange late Thursday. The bank has written off subordinated bonds with a maturity in 2019, including interests accumulated from September 15.

Recommended Citation

Prime News, "Otkritie FC Bank writes off $500 mln subordinated Eurobonds" (2017). Documents. 2685.
https://elischolar.library.yale.edu/ypfs-documents2/2685