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Gazbank settles put option on $100m CLN issue

May 19, 2009
Gazbank repurchased $100m worth of CLNs in the framework of a put option on May 15, the bank reported in a statement. The bank also paid accrued interest in the amount of $4.875m. CLNs were issued in May 2007 via Dresdner bank. The issue was arranged by Bank of Moscow.
  • Status
    redeemed
  • Country of risk
    Russia
  • Redemption (put/call option)
    *** (***)
  • Amount
    100,000,000 USD
  • М/S&P/F
    — / — / —
Company — Gazbank
  • Full name
    Private Joint-stock Company Commercial bank "GAZBANK"
  • Registration country
    Russia
  • Industry
    Banks