NOMOS-BANK exercises a call option on subordinated eurobonds worth USD 125 mln
NOMOS-BANK has announced today that in October it will exercise the call-option in respect of subordinated eurobonds worth USD 125 mln placed in October 2006. The bonds were issued to mature in 2016, with a call-option in 2011, the bank's statement says. In accordance with the Central Bank's resolution, the issue was included in the second-tier capital (LT2). The eurobonds will be replaced with a subordinated loan in amount of RUR 6 bln maturing in 2021. Vladimir Rykunov, CFO of NOMOS-BANK, said: "This decision supports NOMOS-BANK's reputation of a high-quality borrower - investors initially perceived these bonds as an instrument maturing in 2011."