OREANDA-NEWS. August 28, 2014. The National Bank of the Republic of Tatarstan of the Bank of Russia confirme, , the possibility of including the funds attracted as a perpetual subordinated loan in the amount of USD 60 million to the Bank’s supplementary capital in accordance with the Regulation No. 395-P of the Bank of Russia.

The loan was obtained at the rate of 12.5% per annum as a result of placing, on the 7th of August, of a debut issue of perpetual subordinated Eurobonds to a limited circle of private and institutional investors. OJSC Promsvyazbank acted as the sole arranger of the successful placement of Eurobonds. The securities were listed at Vienna Stock Exchange.

“It was our debut issue of perpetual subordinated Eurobonds. The project was not easy and is very rare for Russian banks. I would like to note that the placement of Eurobonds took place under challenging geopolitical conditions, which once again points to confidence of investors in reliability of Tatfondbank and professionalism of the arrangers”, said Vadim Merzlyakov, Deputy Chairman of the Bank’s Board of Management, commenting on the event.