Trust Bank could raise around 6 bln rubles through additional share issue
MOSCOW. March 7 (Interfax) - Russia's Trust Bank could raise 5.964 billion rubles by placing additional ordinary shares in open subscription, the bank said in a statement.
The bank is planning to place 97.32 million shares with par value of 5 rubles at 61.28 rubles per share.
Shares will be placed among individuals with preemptive right starting March 11 and among another group of entities on March 19, 2014.
The bank's charter capital is currently 1.946 billion rubles and is divided into 389,298,047 ordinary shares with par value of 5 rubles.
If the bank places all shares in the additional share issue, its charter capital will grow 25% to 2.433 billion rubles and will be divided into 486,618,047 shares.
Trust was Russia's 36th largest bank by assets and 15th largest by retail loan portfolio, according to the Interfax-100 ranking at the end of 2013.
