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Russia's Absolut Bank plans to sell benchmark-sized eurobonds
By Reshmi Basu
New York, March 8 - Absolut Bank plans to sell a benchmark-sized offering of eurobonds, according to a market source.
A roadshow is scheduled for Hong Kong on March 15, in Singapore on March 16, Athens on March 19, Geneva and Zurich on March 20 and to wrap up in London on March 21.
Dresdner and UBS will manage the Regulation S transaction.
Pricing will take place following the completion of the roadshow, subject to market conditions.
The issuer is a Moscow-based commercial bank.
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