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Bank Saint Petersburg to raise $100-150m syndicated loan in Q2 or Q3 2008

11.06.2008 - RBC

Bank Saint Petersburg to raise $100-150m syndicated loan in Q2 or Q3 2008

Bank Saint Petersburg intends to raise a $100-150m syndicated loan in Q2 or Q3 2008, according to Konstantin Balandin, deputy head of the Board.


Issuer profile: Bank Saint Petersburg is a larger universal commercial bank with a long and stable financial history. Focusing its attention on support of a real sector of the economy, the Bank makes a significant contribution to development of the city of Saint Petersburg. The Bank’s main business task for the years immediately ahead is to enforce its positions on the city’s financial market, to widen the range of its services offered to the customers and prove the reputation of a reliable city bank. The Bank builds its relations with the customers on the principles of long-term partnership, mutual benefits and unconditional execution of obligations. Usage of up-to-date banking technologies, reasonable flexibility and sound conservatism in resolution of strategic issues, professionalism and unity of the team of managers and specialists, who take into account the customer’s needs in their work, as well as high corporate culture will secure the Bank’s stable and successful development in the future.
Outstanding issues:
  1 issue(s) outstanding worth RUR 1 000 000 000
  3 issue(s) outstanding worth USD 275 000 000
Cbonds pages: Bank Saint Petersburg
Issuer's rating:
Moody's Ba3/Stable Int. Scale (foreign curr) 05/04/2007
National Rating Agency AA- National scale (Russia) 07/01/2007










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